MSGF to become open ended
Morgan Stanley Mutual Fund will convert its only listed close-end equity fund into an open-end scheme in January as it has received regulatory approval, the firm said in a statement. Morgan Stanley Growth Fund (MSGF) was launched in 1994. Under the new scheme, MSGF will be converted into an open-ended fund after completion of the exit option period.
Consequently, the feature of trading in MSGF on the respective stock exchanges will not be available.
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