Morgan Stanley (NYSE:MS)
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1 Year : From Mar 2019 to Feb 2020
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 firstname.lastname@example.org; @dieterholger
(END) Dow Jones Newswires
June 17, 2019 11:03 ET (15:03 GMT)
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