Morgan Stanley Investment Management has launched a new ETF platform with six sustainable Calvert ETFs, the firm announced yesterday.
The product suite offers investors access to four indexed environmental, social and governance (ESG) strategies and two active ESG strategies across a range of asset classes, Morgan Stanley said.
Calvert Research and Management is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.
“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,” Morgan Stanley said in a press release.
“The launch of Morgan Stanley Investment Management’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,” Dan Simkowitz, head of Morgan Stanley Investment Management, said in a statement. “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.”
The six new ETFs and their strategies, according to Morgan Stanley and Calvert, are:
• The Calvert U.S. Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI), which offers investors diversified exposure to U.S. companies that Calvert believes are successful at managing diversity, equity and inclusion issues. Morgan Stanley said, “In further support of Morgan Stanley’s commitment to diversity, equity and inclusion, Morgan Stanley Investment Management has committed to make an annual contribution to DEI initiatives or DEI-focused organizations in an amount equal to 0.02% of CDEI’s net annualized assets under management.”
• The Calvert U.S. Select Equity ETF (CVSE), which 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 Calvert Ultra-Short Investment Grade ETF, an active fixed-income product (CVSB) that will focus on investment-grade debt issuers.
• Three index equity ETFs that offer exposure to either U.S. large companies (CVLC), U.S. mid-cap companies (CVMC) or international companies (CVIE).
Anthony Rochte, global head of ETFs at Morgan Stanley Investment Management, said in a statement, “Investors require a range of different product structures within a portfolio to help meet their distinct investment objectives, and ETFs can provide specific advantages, including tax efficiency, transparency, value and trading flexibility.”
“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,” Ted Eliopoulos, CEO and president of Calvert Research and Management, added in a statement.