While it doesn’t have immediate or direct implications for actively managed exchange traded funds, Morgan Stanley’s $7 billion acquisition of mutual fund manager Eaton Vance underscores the point that active management is still desirable on multiple fronts. Eaton Vance has some experience with actively managed exchange traded funds, previously listing […]
Stanley
Morgan Stanley to buy Eaton Vance for $7 billion in asset management push
The headquarters of Morgan Stanley in New York. Shannon Stapleton | Reuters Morgan Stanley said on Thursday it would buy asset management firm Eaton Vance for about $7 billion in a cash-and-stock deal that advances Chief Executive James Gorman’s push to grow the bank’s investment management business. The deal will […]
Morgan Stanley to buy Eaton Vance for $7 billion in investment-management push
By Niket Nishant, Matt Scuffham (Reuters) – Morgan Stanley has agreed to buy Eaton Vance Corp for about $7 billion in a cash-and-stock deal that can quickly expand its investment-management business and add more offerings for retail investors, the bank said on Thursday. FILE PHOTO: The corporate logo of financial […]
Asset managers gain as Morgan Stanley long bets on money management (NYSE:MS)
The market turns bullish as Morgan Stanley (NYSE:MS) goes on buying spree with the latest purchase of asset manager Eaton Vance (NYSE:EV) in a $7B cash-and-stock deal. Eaton Vance +48%. Most asset management firms rise, with 180 Degree Capital (NASDAQ:TURN) up 5.3%. By names, Sculptor Capital Management (SCU +5.8%), Waddell & Reed Financial […]
Morgan Stanley to Buy Eaton Vance for $7 Billion
Morgan Stanley said it is buying fund manager Eaton Vance Corp. for $7 billion, continuing the Wall Street firm’s shift toward safer businesses like money management. Its pivot mirrors a broader shift in power and profits on Wall Street. The trading profits of the 2000s are long gone, sapped by […]
Is Morgan Stanley (MS) Outperforming Other Finance Stocks This Year?
TipRanks 3 “Strong Buy” Healthcare Stocks With Major Catalysts Approaching It can happen in a New York minute. We are talking about the massive gains certain healthcare stocks are able to notch in what feels like a split second. Unlike names from other areas of the market, earnings results don’t […]
Morgan Stanley Vows “Net-Zero Financed Emissions” by 2050
Morgan Stanley (NYSE:MS) has become the first major U.S. bank to commit to achieving “net-zero financed emissions” by 2050. That means the bank intends to drastically — if not entirely — reduce its lending and underwriting of debt and equity to industries that greatly contribute to climate change, such as the […]
Morgan Stanley Sustainable Reality Report Reveals Sustainable Funds Outperformed Traditional Funds and Reduced Investment Risk Despite Global Pandemic
Sustainable investing funds can outperform traditional funds and reduce investment risk, according to a new Sustainable Reality report published today by the Morgan Stanley Institute for Sustainable Investing (The Institute). In the first half of 2020, the COVID-19 pandemic induced a global recession, causing capital markets around the world […]
Canada Pension Plan Investment Board Sells 736,799 Shares of Morgan Stanley (NYSE:MS)
Canada Pension Plan Investment Board lowered its stake in shares of Morgan Stanley (NYSE:MS) by 54.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 622,748 shares of the financial services provider’s stock after selling 736,799 shares during the quarter. […]
Morgan Stanley Multicultural Innovation Lab to Double Cohort Size and Increase Investment Commitment in 2021
The MarketWatch News Department was not involved in the creation of this content. Morgan Stanley today announced it will double the amount of companies accepted annually in the Multicultural Innovation Lab, an accelerator program for technology and technology-enabled start-ups in the post-seed to Series B funding rounds. The program, now […]