Morgan Stanley Investment Management Launches ETF Platform
Morgan Stanley Investment Management (MSIM) announced the launch of its ETF platform with six new Calvert ETFs listed on NYSE Arca. The ETF suite includes four indexed ESG strategies and two active ESG strategies, showcasing MSIM’s commitment to responsible investing. Key ETFs include Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) and Calvert US Select Equity ETF (CVSE). MSIM aims to provide strategic value for clients while promoting positive change through responsible investment practices. The firm manages over $1.3 trillion in assets as of December 31, 2022.
- Launch of six Calvert ETFs expands MSIM's investment offerings.
- ETFs align with responsible investing trends, appealing to socially conscious investors.
- Comprehensive suite of ETFs provides diverse investment options across asset classes.
- None.
“The launch of MSIM’s ETF platform builds on our world class investment capabilities with a diverse set of investment vehicles that aim to provide strategic value for our clients,” said
MSIM’s ETF platform draws on the Firm’s comprehensive product offering and client-focused approach, and the initial ETFs will capitalize on an integrated process that combines a principled approach, active engagement, and deep ESG research. The six new ETFs advised by MSIM include:
• Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)
• Calvert Ultra-Short Investment Grade ETF (CVSB)
• Calvert US Large-Cap Core Responsible Index ETF (CVLC)
• Calvert International Responsible Index ETF (CVIE)
• Calvert US-Mid Cap Core Responsible Index ETF (CVMC)
• Calvert US Select Equity ETF (CVSE)
“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
About the Strategies:
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The innovative Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) offers investors diversified exposure to
U.S. companies that Calvert believes are successful at managing Diversity, Equity and Inclusion (“DEI”) issues. In further support of Morgan Stanley’s commitment to DEI, MSIM has committed to make an annual contribution to DEI initiatives or DEI-focused organizations in an amount equal to0.02% of CDEI’s net annualized assets under management. -
The active equity ETF (CVSE) will focus on
U.S. large-cap companies that Calvert believes are addressing global environmental or societal challenges, or are leaders in managing financially material environmental or social factors. -
The active fixed income product (CVSB) will focus on investment grade debt issuers and the three index equity ETFs offer exposure to either
U.S. large companies (CVLC),U.S. mid-cap companies (CVMC), or international companies (CVIE). -
All six ETFs seek to invest in companies that operate their businesses in a manner consistent with the Calvert Principles for
Responsible Investment , a framework for considering ESG factors.
“We are excited to introduce MSIM’s comprehensive investment capabilities in an ETF structure with this Calvert product suite,” said
About
About
Before investing carefully consider the Fund's objective, risks, charges, and expenses available in the prospectus, please download one at https://www.calvert.com. Read carefully.
Risk Considerations:
There is no assurance that a portfolio will achieve its investment objective. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the portfolio will decline and that the value of portfolio shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in these portfolios. In general, equities securities’ values fluctuate in response to activities specific to a company. Fixed-income securities are subject to the ability of an issuer to make timely principal and interest payments (credit risk), changes in interest rates (interest-rate risk), the creditworthiness of the issuer and general market liquidity (market risk). In a rising interest-rate environment, bond prices may fall and may result in periods of volatility and increased portfolio redemptions. In a declining interest-rate environment, the portfolio may generate less income. Index Related Risk. The return may not track the return of the Index and therefore may not achieve its investment objective. In addition, the Portfolio can be expected to be less correlated with the return of the index. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Portfolio may underperform portfolios that do not utilize a responsible investment strategy. An investment’s ESG performance, or Calvert’s assessment of such performance may change over time, which could cause the Portfolio to temporarily hold securities that do not comply with the Portfolio’s responsible investment criteria.
An ESG investment strategy limits the types and number of investment opportunities available to the strategy and, as a result, the strategy may underperform other funds that do not have an ESG focus. Companies selected for inclusion in the strategy may not exhibit positive or favorable ESG characteristics at all times and may shift into and out of favor depending on market and economic conditions.
Calvert ETFs are distributed by Foreside Fund Services.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230201005353/en/
Media:
Lauren.Bellmare@MorganStanley.com
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FAQ
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