Date:01/12/2008 URL: http://www.thehindu.com/2008/12/01/stories/2008120156101500.htm

Business

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.