London-based Morgan Stanley Investment Management (MSIM) has unveiled a global balanced multi-asset strategy targeting ESG opportunities.
The fund will be managed by the firm’s global balanced risk control team, who will tilt equity exposures towards holdings supporting the transition to a net-zero carbon economy.
Led by Andrew Harmstone, head of the Global Balanced Risk Control strategy, the Morgan Stanley Global Balanced Sustainable Fund will allocate to global equity and fixed income securities, including impact equities and green bonds, as well as money market instruments and cash.
Emily Chew, global head of sustainability, said: ““Although sustainable investing has grown rapidly, there remain few options for investors who need a multi-asset solution in the public markets space.”
As part of its ESG mandate, the portfolio team will also engage with selected companies through dialogue and proxy voting, to enhance the impact made by portfolio companies.
It is expected that 5% to 30% of assets will be invested with managers who explicitly aim for positive environmental and social outcomes, according to MSIM.
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