Morgan Stanley ETF Trust - Calvert International Responsible Index ETF (CVIE)

Overview

The Calvert International Responsible Index ETF (CIRIX) seeks to track the performance, before fees and expenses, of the Calvert International Responsible Index. It aims to invest in companies that meet certain environmental, social, and governance (ESG) criteria, excluding firms involved in controversial activities or those with poor ESG ratings. The fund focuses on international equities.

Reputation and Reliability

Morgan Stanley Investment Management is a well-established asset manager with a long history and significant resources.

Management Expertise

Morgan Stanley has a dedicated team of investment professionals with expertise in ESG investing and international equities.

Goal

To track the performance of the Calvert International Responsible Index, which focuses on international companies demonstrating responsible ESG practices.

Investment Approach and Strategy

Strategy: The fund uses a passive management approach, seeking to replicate the index's performance by investing in its constituent securities.

Composition The ETF holds a basket of international stocks that meet ESG criteria. The asset allocation will depend on the index composition, and the fund may not deviate far from the allocation of the index.

Market Share: Information on CIRIX's specific market share in the international ESG ETF sector is not readily available.

Total Net Assets (AUM): Data unavailable

Key Competitors

• VEA
• VXUS
• IDEV
• SPDW
• IEFA

Competitive Landscape

The international ESG ETF market is competitive, with several large players offering similar exposure. CIRIX's advantage lies in its specific ESG screening methodology, potentially appealing to investors seeking a particular ethical framework. However, CIRIX has a limited AUM and may face disadvantages in terms of liquidity and trading costs compared to more established competitors.

Historical Performance: Insufficient data to generate historical performance

Benchmark Comparison: Unable to compare to its benchmark due to missing data.

Expense Ratio: 0.14

Average Trading Volume

Due to the missing Average Trading Volume, the ETF liquidity cannot be assessed.

Bid-Ask Spread

Due to the missing Bid-Ask Spread data, the cost of trading the ETF is currently unknown.

Market Environment Factors

Economic conditions in developed international markets, global trade policies, currency fluctuations, and investor sentiment toward ESG investing all affect CIRIX.

Growth Trajectory

Future growth depends on increasing investor demand for ESG-focused international equities, the fund's ability to attract assets, and the performance of its underlying index.

Competitive Edge

CIRIX's competitive edge stems from its focus on responsible international investing, aligning with a growing investor interest in ESG principles. Its distinct ESG criteria differentiates it from general international equity ETFs, appealing to ethically conscious investors. The fund's index and screening process may attract investors specifically seeking Morgan Stanley's approach to responsible investing.

Volatility

Insufficient data to calculate historical volatility.

Market Risk

CIRIX is subject to market risk associated with international equities, including economic downturns, political instability, and currency risk. Furthermore, its focus on ESG factors may lead to underperformance compared to broader market indices during periods when non-ESG companies outperform.

Ideal Investor Profile

The ideal investor is one seeking exposure to international equities with a specific focus on ESG principles. They should be comfortable with the potential for tracking error relative to broader international indices.

Market Risk

CIRIX is suitable for long-term investors who prioritize ESG factors and are willing to accept potentially lower returns compared to traditional, non-ESG-focused international ETFs.

The Calvert International Responsible Index ETF provides targeted exposure to international equities while adhering to specific environmental, social, and governance criteria. It is a passive fund designed to replicate the performance of its underlying index. While it offers a unique approach to responsible investing, its smaller size and relatively new status may present liquidity challenges compared to larger competitors. CIRIX is suitable for long-term investors who prioritize ESG factors in their international equity investments.

Data Sources:

• Morgan Stanley Investment Management Website
• ETF.com
• Seeking Alpha

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Market share data is approximate and may vary based on source and calculation methodology. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.