Alternative Investments/ESG: Six New Responsible Funds Flag Off Morgan Stanley’s ETF Platform

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Morgan Stanley Investment Management (MSIM) has launched its ETF platform with six Calvert ETFs listed on NYSE Arca. The ETFs feature Calvert’s responsible investing approach and offer access to four indexed and two active ESG strategies across asset classes.

MSIM’s ETF platform leverages its comprehensive product offering and client focus and the ETFs will use a combination of principles, engagement, and ESG research.

The launch marks Morgan Stanley’s comeback in the ETF arena after a hiatus of decades.

The ETFs are:

  • Calvert US Large-Cap Diversity, Equity, and Inclusion Index ETF (NYSEARCA: CDEI),
  • Calvert Ultra-Short Investment Grade ETF (NYSEARCA: CVSB),
  • Calvert US Large-Cap Core Responsible Index ETF (NYSEARCA: CVLC),
  • Calvert International Responsible Index ETF (NYSEARCA: CVIE),
  • Calvert US Mid-Cap Core Responsible Index ETF (NYSEARCA: CVMC), and
  • Calvert US Select Equity ETF (NYSEARCA: CVSE).

MSIM will make an annual contribution to DEI initiatives or organizations with its Calvert US Large-Cap Diversity, Equity, and Inclusion Index ETF in an amount equal to 0.02% of CDEI’s net annualized assets under management.

Fundspeak

Dan Simkowitz, Head of Morgan Stanley Investment Management, said: “This launch is the first step in MSIM’s development of a robust ETF platform that supports products across our businesses, asset classes, jurisdictions, and brands.”

“Throughout Calvert’s forty-year history, its commitment to responsible investing and approach to stewardship has been the foundation of its comprehensive offerings for investors,” said Ted Eliopoulos, CEO and President of Calvert Research and Management. “These new ETFs will resonate strongly with investors who seek competitive investment results while promoting positive change and supporting companies that are leaders in improving long-term shareholder value and societal outcomes.”

To Bloomberg, Anthony Rochte, Morgan Stanley’s global head of ETFs, said by phone: “This is the first step in a series of launches. While we’re focusing on the US, we’re certainly working on a parallel launch in Europe down the road.”

MSIM has over $1.3 trillion in assets under management or supervision and offers investment management solutions to clients worldwide.

Related Story:  Morgan Stanley To Debut In ETFs With Four ESG Equity Funds

Image by Gerd Altmann from Pixabay

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