Published on 29 May 2024 on GuruFocus.com via Yahoo Finance
MS Global Franchise Portfolio's Strategic Moves: A Deep Dive into Philip Morris International's ...
Insights from the First Quarter of 2024 N-PORT Filing
MS Global Franchise Portfolio (Trades, Portfolio), managed by Morgan Stanley Institutional Fund, recently disclosed its investment activities for the first quarter of 2024. Established on November 28, 2001, the fund is renowned for its rigorous, bottom-up stock selection process. The investment team prioritizes companies with strong, sustainable financial metrics, particularly those demonstrating high unlevered return on invested capital (ROIC). This approach focuses on identifying businesses with robust franchise qualities, including recurring revenues and high gross margins, which are essential for generating strong free cash flow.