Morgan Stanley doesn’t want to be left behind, as socially responsible investing is gaining momentum in the United States and beyond.
Morgan Stanley is offering customers a handful of impact investing options as demand soars for opportunities that seek to improve social and environmental conditions.
The bank’s Wealth Management unit is offering six Impact Portfolios that include mutual funds and ETFs designed around several of the United Nations’ Social Development Goals, such as clean water, clean energy and climate action. A minimum $10,000 investment is required, and investment options include a mix of bonds and stocks and include one all-stock option.
- “The firm will seek out stock and bond investments in companies that are promoting innovation, and are seeking to reduce, reuse, and remove plastics throughout the environment,” Lily Trager, director of the wealth manager’s Investing with Impact platform, said.
- Morgan Stanley’s Investing with Impact program, started in 2012, invests more than $28 billion in client money.
- Karma Take: With a 38% increase in sustainable, responsible, impact (SRI) investing from 2016 to 2018, the new package of portfolios shows Morgan Stanley’s attempt at becoming a significant member of the trend in helping investors move closer towards positive environmental and social impact projects, according to the Investments and Wealth Institute.