Morgan Stanley is seeking to merge three of its smaller funds into larger offerings, according to documents filed today with the Securities and Exchange Commission. The three funds that would be merged, provided shareholders approve the proposal, are the Morgan Stanley S&P Select Fund, the Morgan Stanley Competitive Edge Best Ideas Fund and the Morgan Stanley Capital Growth Securities fund.

Morgan Stanley has proposed merging the $91 million S&P 500 Select fund into the firm’s $2 billion S&P Index fund, according to one filing. The Select fund has posted returns of negative 11.5% and negative 14.7% in 2000 and 2001, respectively, according to Morningstar.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.