- ISIN
- US61760X2247
- CUSIP
- 61760X224
- Issuer
- Morgan Stanley
- Inception Date
- Dec 28, 2015
- Category
- Asia Pacific Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MSAQX Performance Chart
Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) is up 16.7% since the beginning of the year. MSAQX is currently trading at $25 per share. Investors who bought $1,000 worth of MSAQX shares 5 years ago would now be looking at an investment worth $828.
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Returns By Period
Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) has returned 16.69% so far this year and 11.66% over the past 12 months. Over the last ten years, MSAQX has returned 10.77% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio
- 1D
- 2.75%
- 1M
- 8.05%
- YTD
- 16.69%
- 6M
- 14.12%
- 1Y
- 11.66%
- 3Y*
- 10.00%
- 5Y*
- -3.70%
- 10Y*
- 10.77%
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
MSAQX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, MSAQX's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +27.2%, while the worst month was Jul 2021 at -16.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MSAQX closed higher 51% of trading days. The best single day was Mar 16, 2022 with a return of +13.6%, while the worst single day was Mar 16, 2020 at -7.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.53% | 1.75% | -12.83% | 14.66% | 10.14% | 1.60% | 16.69% | ||||||
| 2025 | -1.08% | 1.66% | 1.49% | -0.28% | 2.58% | 4.04% | -0.60% | 0.43% | 6.10% | -2.24% | -5.30% | -4.19% | 2.06% |
| 2024 | -8.83% | 7.09% | 3.85% | 5.56% | 1.55% | -2.03% | -2.33% | 2.12% | 16.12% | -1.57% | 1.36% | -2.70% | 19.71% |
| 2023 | 7.34% | -6.60% | 1.74% | -3.72% | -6.64% | 5.04% | 7.78% | -6.08% | -4.47% | -4.02% | 2.35% | 1.84% | -6.83% |
| 2022 | -4.48% | -3.56% | -11.86% | -5.22% | 0.36% | 0.67% | -1.70% | 0.16% | -9.46% | -13.51% | 27.24% | 2.26% | -22.01% |
| 2021 | 5.26% | 2.91% | -6.55% | 0.37% | 0.40% | -1.45% | -16.65% | 1.39% | -2.15% | 3.64% | -6.15% | -1.71% | -20.52% |
Benchmark Metrics
Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio has an annualized alpha of 1.98%, beta of 0.74, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (61.50%) than losses (60.43%) - typical of diversified or defensive assets.
- R2 of 0.36 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.98%
- Beta
- 0.74
- R²
- 0.36
- Upside Capture
- 61.50%
- Downside Capture
- 60.43%
Expense Ratio
MSAQX has a high expense ratio of 1.10%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MSAQX ranks 7 for risk / return — in the bottom 7% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSAQX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.36 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.71 | -2.15 |
| Martin ratioReturn relative to average drawdown | 1.42 | 12.15 | -10.73 |
Dividends
Dividend History
Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.39 | $0.05 | $0.00 | $0.22 | $0.34 | $0.01 | $0.10 | $0.19 | $0.22 |
Dividend yield | 0.00% | 0.00% | 1.82% | 0.26% | 0.00% | 0.88% | 1.06% | 0.05% | 0.69% | 1.12% | 2.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio was 61.11%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio drawdown is 32.79%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -61.11%Oct 2022 | 1y 8mo | — | 5y 4moFeb 2021 - now |
Rate-hike selloffLate 2018 | -30.89%Oct 2018 | 4mo 18d | 11mo 21d | 1y 4moJun 2018 - Oct 2019 |
COVID crash2020 | -22.29%Mar 2020 | 2mo 2d | 2mo 12d | 4mo 14dJan 2020 - Jun 2020 |
2016 correction2016 | -11.24%Feb 2016 | 1mo 7d | 1mo 17d | 2mo 24dJan 2016 - Mar 2016 |
2016 correction2016 | -10.90%Dec 2016 | 2mo 17d | 2mo 1d | 4mo 18dOct 2016 - Feb 2017 |
Drawdown Indicators
| MSAQX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.11% | -56.78% | -4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -23.57% | -9.10% | -14.47% |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | -18.90% | -4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -53.01% | -25.43% | -27.58% |
Max Drawdown (10Y)Largest decline over 10 years | -61.11% | -33.92% | -27.19% |
Current DrawdownCurrent decline from peak | -32.79% | -1.29% | -31.50% |
Average DrawdownAverage peak-to-trough decline | -24.45% | -10.72% | -13.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.20% | 2.02% | +7.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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