Morgan Stanley Adds ‘Impact’ Portfolios in Brokerage

Monday, September 15, 2014

Morgan Stanley (MS), 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.

Morgan Stanley already has about $3.5 billion in more than 100 products aimed at providing social benefits along with financial returns, said Hilary Irby, who leads the New York-based bank’s so-called impact investing effort. The new offerings may accelerate that growth by providing clients a pre-selected mix of holdings that are diversified while following principles of sustainable investing.

Source: Bloomberg (link opens in a new window)

Categories
Entrepreneurship, Impact Assessment
Tags
impact investing, social capital, social impact