Morgan Stanley Adds ‘Impact’ Portfolios in Brokerage
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Morgan Stanley, which has set a goal of attracting $10 billion of client assets to sustainable investing products over the next few years, is adding two such portfolios for its wealth-management customers.
The accounts invest with a range of outside managers who either screen to avoid certain companies or actively seek out businesses that have shown success in environmental or social issues. The Investing with Impact portfolios feature one balanced and one equity offering.