Morgan Stanley Investment Management has launched two multi-asset funds that incorporate environmental, social and governance factors.
The two funds, Global Balanced and Global Balanced Defensive, have the same underlying investment process as the existing Global Balanced Risk Control strategy. This fund was designed to maintain a stable risk profile.
However, in addition to the initial funds investment process, these two additional funds take into account ESG factors.
As suggested by the name, the defensive fund will have less risk with a target volatility range between 2-6%. It s global balanced fund targets a volatility range of 4% to 10%.
Both funds will be managed by Andrew Harmstone and Manfred Hui in London. They are registered in Luxembourg, although they not yet widely available for sale and are awaiting registration in various markets.
Morgan Stanley Investment Management has assets under management of $406 billion as of 30 June this year.
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