EUGCX Performance — Morgan Stanley Europe Opportunity Fund Inc., Class L
Data updated: 2026-03-27
EUGCX returned −1.33% year to date and +1.49% over one year to Jan 2026. Annualised returns are +10.54% over 3 years and −0.24% over 5 years. The fund trailed its Europe Equity category average: $100 invested three years ago grew to $135, against $155 for the category, and to $101 over one year, against $129. Volatility over the past three years was 17.47% a year. In the 12 months to Jan 2026 the fund lost a net $12.6M, and assets reached $103.77M.
EUGCX Growth of $100
What $100 invested in Morgan Stanley Europe Opportunity Fund Inc. grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Europe Equity category average over the same months.
| Period | EUGCX | Category average |
|---|---|---|
| 1 year (Feb 2025 – Jan 2026) | $101 | $129 |
| 3 years (Feb 2023 – Jan 2026) | $135 | $155 |
| 5 years (Feb 2021 – Jan 2026) | $99 | $155 |
| Since data start (Aug 2019 – Jan 2026) | $160 | $183 |
EUGCX Trailing Returns
Total returns to Jan 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −1.33% |
| 1 year | +1.49% |
| 3 years (annualised) | +10.54% |
| 5 years (annualised) | −0.24% |
EUGCX Annual Returns
Calendar-year total returns of Morgan Stanley Europe Opportunity Fund Inc., compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jan) | −1.33% |
| 2025 | +11.01% |
| 2024 | +11.47% |
| 2023 | +24.07% |
| 2022 | −44.94% |
| 2021 | +14.81% |
| 2020 | +54.26% |
| 2019 (Aug–Dec) | +8.43% |
EUGCX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −1.3% | — | — | — | — | — | — | — | — | — | — | — |
| 2025 | +7.9% | +1.2% | −6.4% | +6.1% | +6.0% | +1.4% | −7.0% | +1.8% | +0.2% | +0.6% | −0.6% | +0.4% |
| 2024 | +0.6% | +8.2% | +1.0% | −6.9% | +5.4% | −2.7% | +1.4% | +5.1% | +2.7% | −4.9% | +2.1% | 0.0% |
| 2023 | +12.1% | −1.4% | +10.3% | +2.8% | −2.5% | +5.5% | +2.0% | −8.3% | −8.3% | −4.9% | +10.5% | +6.7% |
| 2022 | −15.8% | −9.6% | −3.2% | −11.8% | −3.1% | −11.7% | +10.5% | −11.1% | −13.4% | +5.9% | +15.0% | −4.4% |
| 2021 | −3.1% | +5.1% | −1.5% | +7.9% | +3.2% | +1.1% | +3.3% | +2.5% | −6.7% | +5.5% | −2.4% | −0.1% |
| 2020 | −0.6% | −5.2% | −9.6% | +9.0% | +10.5% | +8.1% | +6.6% | +4.9% | +0.8% | −1.7% | +13.2% | +10.9% |
| 2019 | — | — | — | — | — | — | — | −1.4% | +0.8% | +4.1% | +1.6% | +3.2% |
EUGCX Risk
Risk measures from monthly returns over Feb 2023 – Jan 2026.
- 3-year volatility (annualised): 17.47%
- 3-year Sharpe ratio: 0.35 (vs 4.5% risk-free rate)
- Best month: +10.52% (Nov 2023)
- Worst month: −8.28% (Aug 2023)
EUGCX Fund Flows
Monthly money in and out of Morgan Stanley Europe Opportunity Fund Inc., from SEC Form N-PORT.
- 12-month net flow: −$12.6M
- 12-month gross sales (incl. reinvestments): $12.9M
- Sales ÷ redemptions: 0.50×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2026 | $235K | $1.3M | −$1.1M |
| Dec 2025 | $554K | $5.4M | −$4.8M |
| Nov 2025 | $274K | $2.9M | −$2.6M |
| Oct 2025 | $370K | $2.1M | −$1.7M |
| Sep 2025 | $481K | $1.2M | −$702K |
| Aug 2025 | $324K | $2.5M | −$2.1M |
| Jul 2025 | $147K | $1.6M | −$1.4M |
| Jun 2025 | $143K | $1.2M | −$1.1M |
| May 2025 | $734K | $985K | −$250K |
| Apr 2025 | $353K | $3.3M | −$2.9M |
| Mar 2025 | $8.3M | $1.3M | $7.0M |
| Feb 2025 | $978K | $1.9M | −$927K |
EUGCX Assets Under Management
Net assets of Morgan Stanley Europe Opportunity Fund Inc. by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-01-31 | $103.77M |
| 2025-10-31 | $114.20M |
| 2025-07-31 | $115.49M |
| 2025-04-30 | $118.05M |
| 2025-01-31 | $114.28M |
| 2024-10-31 | $120.03M |
| 2024-07-31 | $127.92M |
| 2024-04-30 | $130.94M |
| 2024-01-31 | $132.66M |
| 2023-10-31 | $122.00M |
| 2023-07-31 | $166.23M |
| 2023-04-30 | $162.22M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.