MSIM Converts Income Opportunities Fund into Actively Managed Eaton Vance ETF
Morgan Stanley Investment Management (MSIM) has completed the conversion of the Morgan Stanley Income Opportunities Fund into the Eaton Vance Income Opportunities ETF (NYSE Arca: XAGG), further expanding its suite of actively managed fixed income ETFs.
The new ETF seeks to deliver a high level of current income with a secondary focus on total return, providing diversified exposure across global fixed income sectors that are often underrepresented in traditional core bond portfolios. The fund will be led by Andrew Szczurowski, Co-Head of MSIM’s Mortgage and Securitized investment team, supported by senior portfolio managers across MSIM’s fixed income platform.
“In today’s environment, we believe it is imperative to offer a multisector approach to help investors navigate the shifting market and take advantage of emerging opportunities,” said Szczurowski. “Eaton Vance Income Opportunities ETF’s strategy allows for flexibility across geographies, sectors and the yield curve.”
With XAGG’s conversion, MSIM’s active fixed income ETF lineup now includes 11 Eaton Vance-branded fixed income ETFs, spanning total return, short duration, municipal income, mortgage opportunities, high yield, floating rate and ESG-aligned strategies. MSIM’s ETF platform, launched in early 2023, now encompasses 18 ETFs across the Eaton Vance, Calvert, and Parametric brands and has grown to more than $9 billion in assets as of October 31, 2025.