Morgan Stanley Touts Alternatives for Yield-Hungry Japan Clients
- U.S. firm’s Japanese asset manager aims to expand portfolio
- Alternative assets include loans to U.S. and European firms
Mount Fuji stands beyond buildings in Tokyo, Japan.
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Morgan Stanley’s Japanese asset management arm plans to expand its 3.1 trillion yen ($29 billion) portfolio by tapping yield-starved investors’ growing interest in unconventional assets abroad.
The firm will attract money from Japanese institutional investors by touting so-called alternative assets, including loans extended by funds to small U.S. and European companies, Morgan Stanley Investment Management (Japan) President Hiroyuki Shimizu said in an interview.