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Morgan Stanley IM Adds US Large-Cap Equity ETF to Lineup

Morgan Stanley IM Adds US Large-Cap Equity ETF to Lineup

Morgan Stanley Investment Management launched a U.S large-cap equity strategy ETF, Parametric Equity Plus ETF (PEPS). The ETF aims to invest through Parametric’s direct indexing capabilities, which seeks to minimize tracking error versus the benchmark index. The equity portfolio is then enhanced with a rules-based options strategy and a risk management strategy.

“This latest ETF strategy combines Parametric’s industry-leading capabilities in options-based strategies and direct indexing to offer US large-cap equity exposure plus additional upside potential,” said Thomas Lee, co-president and CIO at Parametric.

Listed on the Nasdaq, the latest addition is the third Parametric ETF brought to market and follows the conversion of three active fixed income mutual funds to Eaton Vance ETFs earlier this year.

MSIM’s ETF platform is comprised of 16 products including the three Parametric-branded equity- and options-based strategies, six Calvert-branded ETFs, and seven Eaton Vance-branded fixed income strategies. Launched in early 2023, the platform has grown to over $3.3 billion in assets.

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Morgan Stanley Investment Management

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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