Morgan Stanley Launches New Impact-Investing Portfolio Suite
June 17 2019 - 11:18AM
Dow Jones News
By Dieter Holger
Morgan Stanley (MS) has bolstered its impact-investing offering
with six new portfolios to meet heightened demand for sustainable
investing.
The new products from Morgan Stanley Wealth Management require a
$10,000 minimum investment at the outset and select companies based
on their environmental, social and governance performance, as well
as thematic profiles, the asset manager said Monday.
The portfolios contain mutual and exchange-traded funds,
targeting specific United Nations Sustainable Development Goals
such as clean water, clean energy and reducing plastic waste.
The new suite joins Morgan Stanley's Investing with Impact
Platform, which launched in 2012 and now manages $28 billion of
assets with more than 120 investment strategies.
"We've seen impact investing can deliver competitive market
returns when investors choose to integrate positive environmental
and social impact over the long term," said Lisa Shalett, chief
investment officer for Morgan Stanley Wealth Management.
Write to Dieter Holger at dieter.holger@dowjones.com;
@dieterholger
(END) Dow Jones Newswires
June 17, 2019 11:03 ET (15:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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