Morgan Stanley is looking to launch the next wave of ETFs after re-entering the industry in February, nearly 30 years after the birth of the industry, which is now worth $7.5 trillion.
In addition to applications for the Parametric Dividend Premium Income ETF and the Eaton Vance Intermediate Income ETF, applications for the Eaton Vance Ultra Short Term Income ETF, the Eaton Vance High Yield ETF and the Eaton Vance Intermediate Municipal Income ETF were filed with the SEC on Monday, the filing shows. Parametric Hedged Equity ETFs.Morgan Stanley Buy Subsidiaries of Eaton Vance and Parametric Portfolio Associates to close in 2021.
Morgan Stanley was one of the few major financial firms to get into the ETF space until February. roll out The firm launched the first six modern ETFs, following the world’s first such products in the 1990s. Anthony Rochte, Morgan Stanley’s global head of ETFs, said at the time that the debuts were “the first in a series of moves” leading up to Monday’s filings. Its six ESG-focused ETFs have amassed nearly $400 million in assets to date.
Despite its reputation in fixed income, Eaton Vance is entering a saturated market, according to Bloomberg Intelligence.
“I personally like Eaton Vance. It has a great brand in fixed income, but it also has a lot of short-term ETFs,” said Athanasios Psarofagis, ETF analyst at Bloomberg Intelligence. “So it’s a good brand in a crowded space.”
Ticker symbols and fees for the proposed fund were not listed.