(CercleFinance.com) – Morgan Stanley announced on Friday the creation by its subsidiary Calvert of three new investment funds in global equities, high yield and American values, all compliant with ESG criteria.
The first fund, named ‘Calvert Global Equity Fund’, is to target investments in companies that demonstrate sustainable business models and the ability to generate sustainable financial performance in order to increase returns over the long term.
The second, called ‘Calvert High Yield Bond Fund’, aims to invest primarily in high-yield corporate bonds, issued by companies favoring financially demanding ESG characteristics.
Finally, the Calvert US Equity Fund will seek to invest in quality companies that also demonstrate solid mastery of ESG criteria.
Vittorio Ambrogi, head of European distribution at Morgan Stanley Investment Management (MSIM), explains that the launch of these funds comes as investor demand for sustainable funds remains ‘strong’.
These new funds will bring the total number of Calvert funds available in Europe to 11.
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