MSIM ETF Assets Surpass $1 Billion with the Conversion of Two Mutual Funds to ETFs
March 25 2024 - 9:30AM
Business Wire
Morgan Stanley Investment Management (“MSIM”) today announced it
has completed the conversion of two fixed income mutual funds to
exchange-traded funds (“ETFs”). With these two additions, MSIM has
introduced 14 ETFs since the launch of the ETF platform last year
and has more than $1 billion in assets under management.
The below two strategies are available as ETFs as of today:
Mutual Fund
ETF
ETF Ticker
MSIFT Core Plus Fixed Income Portfolio
Eaton Vance Total Return Bond ETF
EVTR (NYSE)
MSIFT Short Duration Municipal Income
Portfolio
Eaton Vance Short Duration Municipal
Income ETF
EVSM (NYSE Arca)
Commenting on the ETF platform, Anthony Rochte, Global of Head
of ETFs at MSIM, said: “We are pleased with the strong growth of
MSIM’s ETF platform over the last year. Surpassing $1 billion in
assets under management demonstrates the strong demand for
accessing our differentiated investment capabilities in the ETF
wrapper. As conversions, EVTR and EVSM offer clients our
longstanding approach to income investing with the advantages of an
ETF vehicle, including tax efficiency, transparency, value and
trading flexibility, as well as a track record and scale.”
These latest ETFs complement the existing MSIM active fixed
income ETF offering, which includes: Calvert Ultra-Short Investment
Grade ETF (NYSE Arca: CVSB), Eaton Vance Ultra-Short Income ETF
(NYSE Arca: EVSB), Eaton Vance High Yield ETF (NYSE Arca: EVHY),
Eaton Vance Intermediate Municipal Income (NYSE Arca: EVIM), and
Eaton Vance Floating Rate ETF (NYSE Arca: EVLN). Launched in 2023,
MSIM’s ETF platform is comprised of 14 products, including six
Calvert-branded ETFs, one Parametric-branded alternative income
strategy, one Parametric-branded hedged equity strategy, and the
six Eaton Vance-branded fixed income strategies.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 1,400 investment
professionals around the world and $1.5 trillion in assets under
management or supervision as of December 31, 2023. Morgan Stanley
Investment Management strives to provide outstanding long-term
investment performance, service, and a comprehensive suite of
investment management solutions to a diverse client base, which
includes governments, institutions, corporations and individuals
worldwide. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 42 countries, the Firm's employees serve clients worldwide
including corporations, governments, institutions and individuals.
For more information about Morgan Stanley, please visit
www.morganstanley.com.
Before investing carefully consider the Fund's objective,
risks, charges, and expenses available in the prospectus,
please download one at https://www.eatonvance.com. Read
carefully before investing.
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. Market
values can change daily due to economic and other events (e.g.
natural disasters, health crises, terrorism, conflicts and social
unrest) that affect markets, countries, companies or governments.
It is difficult to predict the timing, duration, and potential
adverse effects (e.g. portfolio liquidity) of events. Accordingly,
you can lose money investing in the portfolios. Please be aware
that the portfolios may be subject to certain additional risks.
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. Derivative
instruments may disproportionately increase losses and have a
significant impact on performance. They also may be subject to
counterparty, liquidity, valuation, correlation and market risks.
Portfolio Turnover. Consistent with its investment policies,
the Fund will purchase and sell securities without regard to the
effect on portfolio turnover. Higher portfolio turnover will cause
the Fund to incur additional transaction costs. Active
Management Risk. In pursuing the Portfolio’s investment
objective, the Adviser has considerable leeway in deciding which
investments to buy, hold or sell on a day-to-day basis, and which
trading strategies to use. The success or failure of such decisions
will affect performance. ETF Structure Risks. Authorized
Participant Concentration Risk. The Portfolio has a limited number
of intermediaries that act as authorized participants and none of
these authorized participants is or will be obligated to engage in
creation or redemption transactions. As a result, shares may trade
at a discount to net asset value (“NAV”) and possibly face trading
halts and/or delisting. Cash Transactions Risk. Unlike certain
ETFs, the Fund may effect creations and redemptions in cash or
partially in cash. Therefore, it may be required to sell portfolio
securities and subsequently recognize gains on such sales that the
Fund might not have recognized if it were to distribute portfolio
securities in-kind. As such, investments in shares may be less
tax-efficient. Trading Risk. The market prices of Shares are
expected to fluctuate, in some cases materially, in response to
changes in the Portfolio's NAV, the intra-day value of holdings,
and supply and demand for Shares. The Adviser cannot predict
whether Shares will trade above, below or at their NAV. may pay
significantly more or receive significantly less than the Fund’s
NAV per share during periods when there is a significant premium or
discount. Buying or selling Shares in the secondary market may
require paying brokerage commissions or other charges imposed by
brokers as determined by that broker. New Fund Risk. A new
portfolio's performance may not represent how the portfolio is
expected to or may perform in the long term. In addition, there is
a limited operating history for investors to evaluate and the
portfolio may not attract sufficient assets to achieve investment
and trading efficiencies. See applicable prospectus for details on
risks.
Eaton Vance, Parametric and Calvert are part of Morgan Stanley
Investment Management, the asset management division of Morgan
Stanley. Morgan Stanley Investment Management Inc. is the adviser
to the ETFs.
ETFs are distributed by Foreside Fund Services LLC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240324299526/en/
Media: Lauren Bellmare Lauren.Bellmare@MorganStanley.com
Morgan Stanley (NYSE:MS)
Historical Stock Chart
From Apr 2024 to May 2024
Morgan Stanley (NYSE:MS)
Historical Stock Chart
From May 2023 to May 2024