Morgan Stanley Investment Management has released its August 2025 edition of The BEAT, a resource aimed at providing timely market insights and ideas for investors. The publication outlines the services of the Portfolio Solutions Group, which manages multi-asset portfolios across traditional and alternative strategies. These solutions are available in both discretionary and advisory formats and can include public assets, private assets, or a combination.
The firm stresses that there is no assurance any portfolio will meet its investment objective. "Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the portfolio will decline and that the value of portfolio shares may therefore be less than what you paid for them," according to Morgan Stanley Investment Management. They note that daily changes in economic conditions or events such as natural disasters or geopolitical unrest can impact markets unpredictably.
The publication also details specific risks tied to various asset classes. Equity securities can fluctuate based on company-specific activities, while foreign investments face risks related to currency fluctuations and political or economic instability. Emerging markets pose greater risks than developed markets. Fixed-income securities are exposed to credit risk, interest rate risk, issuer creditworthiness, and liquidity issues.
Real estate investment trusts (REITs) have risks similar to direct real estate ownership and are sensitive to management skills and tax law changes. Mortgage- and asset-backed securities carry prepayment risk, potential default risk, valuation challenges, and liquidity concerns. Derivatives may increase losses disproportionately due to their complexity.
Morgan Stanley Investment Management emphasizes that diversification does not protect against loss in declining markets but allows spreading of risk across different asset classes. "Alternative investments are intended for qualified investors only...An investment in an alternative investment fund can be speculative and should not constitute a complete investment program," states the firm.
The BEAT also contains several disclosures clarifying that past performance does not guarantee future results; returns cited refer to representative indices rather than actual investments; forecasts provided are speculative; and no content constitutes a recommendation or offer regarding any security or strategy.
According to Morgan Stanley Investment Management: "There is no guarantee that any investment strategy will work under all market conditions, and each investor should evaluate their ability to invest for the long-term, especially during periods of downturn in the market."
Further information about managers can be found in Form ADV Part 2. Investors are advised to seek independent legal and financial advice before making decisions.
The material notes that Eaton Vance forms part of Morgan Stanley Investment Management’s global network. It lists regulatory details for distribution across Europe, Middle East, Asia-Pacific regions—including local office addresses—and explains local restrictions on access depending on jurisdiction.
"This material is a general communication...and does not constitute an offer or a recommendation to buy or sell any particular security or adopt any specific investment strategy," says Morgan Stanley Investment Management.
Morgan Stanley Investment Management highlights it has arrangements with affiliates such as Eaton Vance Management (International) Limited; Calvert Research and Management; Parametric Portfolio Associates LLC; Atlanta Capital Management LLC among others for marketing products globally.