Morgan Stanley (NYSE:MS) Investment Management, a $1.4 trillion firm, announced on Thursday the launch of five differentiated exchange-traded funds (ETFs) on NYSE Arca. This move aligns with industry trends and client demand for Eaton (NYSE:ETN) Vance and Parametric's active management expertise.
The new offerings include equity products: Parametric Equity Income ETF (NYSE:PAPI) and Parametric Hedged Equity ETF (NYSE:PHEQ), which aim to provide income and capital appreciation with downside protection. The firm also introduced fixed-income products: Eaton Vance High Yield ETF (NYSE:EVHY), Eaton Vance Ultra-Short Income ETF (NYSE:EVSB), and Eaton Vance Intermediate Municipal Income ETF (NYSE:EVIM).
These funds build upon the firm's platform, which was initiated in February 2023 and currently accommodates six Calvert-branded ETFs, including the Calvert US Large-Cap Core Responsible Index ETF (NYSE:CVLC), Calvert US Select Equity ETF (NYSE:CVSE), and Calvert Ultra-Short Investment Grade ETF (NYSE:CVSB). These funds collectively manage over $400 million as of September 2023.
Alex Zweber at Parametric highlighted their proactive tax loss harvesting strategy, which is set to be discussed at the upcoming VettaFi Income Strategy Symposium.
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