The Morgan Stanley Emerging Markets Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation through investments primarily in emerging country equity securities. The Fund's portfolio of investment include Banks, food and staples retailing, oil, gas and consumable fuels, transportation infrastructure, automobiles, beverages, energy equipment and services, pharmaceuticals, real estate management and development, information technology services, wireless telecommunication services, media and air freight and logistics. The Fund's Adviser is Morgan Stanley Investment Management Inc. and sub-advisers are Morgan Stanley Investment Management Company (MSIM Company) and Morgan Stanley Investment Management Limited (MSIM Limited). The Adviser, a wholly owned subsidiary of Morgan Stanley, provides the Fund with advisory services under the terms of an Investment Advisory.