Home Life Insurance Morgan Stanley’s ETFs Break $1B With Fund Conversions

Morgan Stanley’s ETFs Break $1B With Fund Conversions

Morgan Stanley’s ETFs Break $1B With Fund Conversions


What You Have to Know

  • The mutual funds that started buying and selling on March 25 are the Eaton Vance Whole Return Bond ETF (ticker EVTR) and the Eaton Vance Brief Length Municipal Earnings ETF (EVSM).
  • Constancy, DFA, JPMorgan and others have switched billions of {dollars} between the 2 fund sorts over the previous three years.

Morgan Stanley’s exchange-traded lineup now holds greater than $1 billion because of the agency’s first-ever mutual-fund conversions.

The issuer is flipping two fixed-income mutual funds — one which follows a complete return bond technique and one centered on short-duration municipal debt — into ETFs, the corporate mentioned in an announcement on March 25. That brings Morgan Stanley’s whole ETF lineup to 14 funds.

The conversions come as Morgan Stanley seeks to develop its footprint within the more and more aggressive $9 trillion ETF market. Whereas Morgan Stanley was an early supporter of the trade three many years in the past, the agency didn’t launch its personal merchandise till final yr.

It has since created ETFs underneath a handful of Morgan Stanley’s manufacturers, together with Calvert, Parametric, and Eaton Vance. Monday’s new converts present Morgan Stanley’s deepening dedication to lively, fixed-income ETFs, based on the agency’s international head of ETFs.

“We’re very centered on a few of these trade developments, and the 2 main ones are absolutely clear ETFs and the acceleration of fixed-income,” Morgan Stanley’s Anthony Rochte mentioned in a telephone interview. “We thought lengthy and laborious about which mutual funds are we going to transform, and which model will we use.”



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