Calvert US Select Equity ETF

CVSE

Market cap $14M

NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management, Inc. today announced the upcoming liquidation of Calvert US Select Equity ETF (CVSE) (the “Fund”), a series of Morgan Stanley ETF Trust (the “Trust”). The Board of the Trust approved a Plan of Liquidation with respect to the Fund. Pursuant to the Plan of Liquidation, the assets of the Fund will be liquidated, known or reasonably ascertainable liabilities of the Fund will be satisfied or provided for, the remaining proceeds will be.

The market rotation from large- and mega-cap growth stocks and into cyclical stocks continues in the last week of July. For investors looking to keep portfolios nimble, active equity ETFs may offer an opportunity in the latter half of the year.

Morgan Stanley Investment Management's lineup of ETFs has grown to over half a billion dollars in assets since their launch last year. The firm entered the ETF space one year ago with the launch of six Calvert ETFs.

The first actively managed exchange traded funds came to market in 2008. But 2023 may be remembered as the year when the asset class matured, paving the way for broader long-term adoption.

Few, if any, investment strategies have drawn as much criticism as environmental, social and governance investing has. But what doesn't damage ESG as an investment style could serve to make it stronger.

Companies are making progress on environmental, social and governance (ESG) reporting. This is an issue that's long been a source of frustration.

It's often said that one of the primary drivers of performance and potential out-performance delivered by large-cap environmental, social, and governance (ESG) exchange traded funds is above-average exposure to growth stocks. As such, some ESG ETFs are credible avenues for tapping into the artificial intelligence (AI) investment theme.

It's often said that it's a stock pickers market. Arguably, that's an overused sentiment, but the current confirms stock selection remains vital.

If there's one thing that's hindered the adoption of ESG investing strategies among registered investment advisors and other investors, it is the lack of clarity and uniformity surrounding ESG disclosures and reporting. Additionally, it's not uncommon for some to be put off by the often jargon-heavy, alphabet-soup-intensive nature of ESG reporting.

Once a sparsely populated afterthought within the broader ETF industry, active ETFs are flourishing. That's true both in terms of population and, more importantly, assets under management.