Morgan Stanley Introduces Catholic-Focused Investing Program

Wednesday, October 14, 2015

The influence of Pope Francis’ recent visit to New York is being felt at Morgan Stanley (MS). The wirehouse said early Friday that it is rolling out a tool kit for financial advisors based on Catholic values.

“We are pleased to provide our [individual and institutional] clients with strategies to pursue risk-adjusted financial returns in tandem with faith-based objectives,” said Hilary Irby, Head of Morgan Stanley’s Investing with Impact Initiative, in a statement. “There continues to be a growing range of investment choices and opportunities in the Catholic values space, across mutual funds, exchange-traded funds and separately managed accounts.”

According to the firm, the initiative aims to help investors “customize their portfolios to align with their personal and institutional faith-based goals.”

It is part of Morgan Stanley’s broader Investing with Impact Platform, which was introduced in 2012 and includes more than 130 investment products focused on environmental and social impact investing.

News of the company’s Catholic-values rollout came on the same day that the Rainforest Action Network staged rallies in nine major cities calling for Morgan Stanley to divest from the coal industry. According to the group, Citigroup said recently it would make cuts to its coal-financing projects, and Bank of America also made a similar pledge.


Source: ThinkAdvisor (link opens in a new window)

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