This 30-name Morgan Stanley fund is up 70% this yr — This is how the supervisor picks successful shares


(This story is for CNBC Pro subscribers solely.)

Whereas the coronavirus pandemic wreaked havoc on buyers’ plans this yr, the market volatility performed proper into the palms of a comparatively new fund from Morgan Stanley, which has reaped a whopping 70% return in 2020.

Launched on the finish of 2018, the Morgan Stanley Global Endurance Portfolio (MSJSX) stands out as one of many best-performing funds this yr and is ranked primary in its class of 850 funds, in line with Morningstar.

For fund supervisor Manas Gautam, one of the crucial necessary stock-picking standards is an organization’s capacity to withstand disruption and turbulence, which labored to the fund’s benefit exceptionally this yr within the face of the pandemic.

It is essential to know “if the administration of the corporate can face up to short-term ache and make these short-term painful choices for long-term positive aspects,” Gautam stated.