Morgan Stanley’s suite of sustainability-focused ETFs, managed by Calvert Research Management, has gathered about $270 million in total assets under management (AUM) in the three months since its launch. While the AUM amount is relatively small, the firm is satisfied with the pace of engagement and investor reception, according to Anthony Rochte, global head of ETFs at Morgan Stanley Investment Management. The Calvert US Large-Cap Core Responsible Index ETF (CVLC) has attracted the bulk of the assets, with $144 million, and the other five ETFs have AUM between $20 million and $30 million each. The firm plans to launch more ETFs based on other brands it owns, including Parametric, Eaton Vance, and other Morgan Stanley products.
Morgan Stanley’s Sustainability-Focused ETFs Gather $270M AUM in 3 Months
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Despite headwinds in the ESG category, Rochte is optimistic about the platform’s potential for success, citing the distribution advantage of Calvert’s brand recognition and Morgan Stanley’s leadership and hiring of veteran ETF managers.