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