Morgan Stanley launches ETF platform with six ESG-focused products by Calvert

Rick Steves

“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

Morgan Stanley Investment Management has launched an exchange-traded fund platform with the listing of six Calvert ETFs on NYSE Arca, the top U.S. exchange for the listing and trading of ETFs.

Featuring Calvert Research and Management’s approach to responsible investing, the ETF product suite offers investors access to four indexed ESG strategies and two active ESG strategies across a range of asset classes.

“Competitive investment results while promoting positive change”

Dan Simkowitz, Head of Morgan Stanley Investment Management, said: “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. 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.”

Ted Eliopoulos, CEO and President of Calvert Research and Management, said: “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. 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.”

Anthony Rochte, Global Head of ETFs at MSIM, commented: “We are excited to introduce MSIM’s comprehensive investment capabilities in an ETF structure with this Calvert product suite. 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. We look forward to continuing to strengthen our offering for clients with active and systematic strategies that build on MSIM’s global expertise.”

Morgan Stanley’s ETF platform draws on the firm’s comprehensive product offering, with the initial ETFs capitalizing 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)

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.

Read this next

Executive Moves

Montenegro approves Do Kwon’s extradition to US

Do Kwon, the former CEO of cryptocurrency startup Terraform Labs, is reportedly facing extradition to the United States to face fraud charges. Kwon has been imprisoned in Montenegro since March, and Montenegro’s Justice Minister Andrej Milovic is expected to make a formal decision on the extradition on December 20.

Institutional FX

Marex seeks US listing following failed UK IPO, eyes $2.8B valuation

London-headquartered commodities broker Marex has kicked off plans for a US listing, opting against a London public float after a failed attempt two years ago.

Retail FX

ThinkMarkets IPO scrapped as SPAC merger falls through

Canada-listed blank check company, FG Acquisition Corp., and Melbourne-based broker ThinkMarkets have jointly decided to call off their previously announced merger plan.

Retail FX

Exness trading volumes slow down in November, dip below $4B mark

FX brokerage powerhouse Exness reported a double-digit decrease in its trading volumes for the month of November 2023 as the market environment stabilised following a period of high volatility.

Executive Moves

iGaming veteran Breon Corcoran replaces June Felix as IG CEO

Spread betting and CFDs broker IG Group plc today announced the appointment of Breon Corcoran, the former chief executive of Paddy Power Betfair, as its new CEO, effective from January 29, 2024.

Retail FX, Reviews

A Guide to Forex Trading and Quotex App Download for PC

Trading in financial markets presents a great opportunity for profit. One of the popular choices nowadays is foreign exchange trading, also called Forex or FXm which involves buying and selling national currencies to make a profit. 

Digital Assets

Tokensoft and Chainwire Form Partnership to Boost Crypto PR Outreach

Through this partnership, Tokensoft leverages Chainwire’s expansive PR platform, enhancing its global reach within the cryptocurrency community and ensuring coverage for its token distribution, claims, and fundraising campaigns.

Digital Assets

No escape for Binance’s CZ: Court blocks travel before sentencing

A federal judge in Seattle has ruled that Chanpeng Zhao, the former CEO of Binance, is not permitted to return to his home in the United Arab Emirates before his sentencing in the United States, set for February.

Digital Assets

FINMA-regulated digital asset provider Taurus expands into Germany

This expansion follows recent moves by BaFin to accelerate the licensing of crypto custody services, aiming to boost market confidence. Following this, several new licenses were issued, notably to Commerzbank, making it the first full-service financial institution in Germany to receive a crypto custody license.

<