EMERGING MARKET FUNDS

[Psionic Trader]

nice board, check out MMKBX Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio Class B

Average Annual Returns (%) as of 9/30/2007
1 Year 60.79
3 Year 42.83
5 Year 38.70
10 Year 11.97
Life 13.14



What it is
A growth-oriented mutual fund that invests in stocks of companies domiciled in emerging market countries.

Goal
Seeks long-term capital appreciation by investing primarily in growth-oriented equity securities of issuers in emerging market countries.

What it invests in
Normally, the portfolio will invest at least 80% of its assets in stocks in emerging markets. The term emerging market applies to any country which, in the adviser's opinion, is generally considered to be an emerging or developing country by the international financial community. The portfolio will focus on those emerging market countries in which the manager believes the economies are developing strongly and in which the markets are becoming more sophisticated. The approach combines top-down country allocation with bottom-up stock selection. This fund is subject to certain additional risks, including those associated with: Investing in emerging markets involves certain risks not associated with investing in the United States, including restrictions on repatriation, price volatility and lesser liquidity of shares, currency fluctuations, political and economic uncertainties, and limited publicly available information. In addition, the volatility may be increased because the Fund may invest in a limited number of issuers. Derivative instruments. Investments in derivatives could magnify volatility. A short-term redemption fee of 2% will apply to shares held less than 30 days. Share price and return will vary.

 
 Top Ten Holdings  3        as of 09/30/2007 
 Cia Vale Do Rio Doce 
 China Mobile Ltd 
 America Movil Sab de Cv 
 Sberbank 
 Mtn Group Ltd 
 Gazprom Oao 
 China Construction Bank Corp 
 China Coal Energy Co. 
 Unibanco - Uniao de Bancos Bra 
 Wal-Mart de Mexico Sab de Cv 
 21.92% of the portfolio 
 	  	 
 Geographical Diversification4 
 as of 06/30/2007 
 North America 	0.79% 
 Latin America 	21.48% 
 United Kingdom 	2.84% 
 Western Europe (not UK) 	1.44% 
 Russia and Eastern Europe 	18.08% 
 Africa 	7.79% 
 Hong Kong, Singapore, South Korea, Taiwan 	31.89% 
 Near, Mid, and Far East 	15.69% 
 Major Market Sectors 3      as of 09/30/2007 
   	09/30/2007 	  	  
 Consumer Discretionary 	10.3% 	  	  
 Consumer Staples 	3.4% 	  	  
 Energy 	10.5% 	  	  
 Financials 	24.8% 	  	  
 Industrials 	14.3% 	  	  
 Information Technology 	8.3% 	  	  
 Materials 	13.5% 	  	  
 Other 	0.5% 	  	  
 Telecommunications 	11.0% 	  	  
 Utilities 	2.2% 	  	  
 Asset Allocation 4       as of 06/30/2007 
   	06/30/2007 	  	  
 Domestic Equities 	0.77% 	  	  
 Foreign Equities 	97.28% 	  	  
 Cash 	1.63% 	  	  
 Preferreds 	0.32% 	  	  
   	  	  	  
 	    	 
 Turnover Rate as of 12/31/2006 	82% 
  
 Fees 
 Short-term Trading Fee	2.00% 
 Short-term Fee Period	30 Days 
 Management Fee	1.19% 
 	 
 Expenses & Fees 
 Expense Ratio as of 07/02/2007 	1.66%