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July 31, 2024
Calvert Research and Management (Calvert) announced today the first contribution in the amount of $25,000 from Morgan Stanley Investment Management Inc. (MSIM) to America Needs You (ANY), an organization focused on driving economic mobility for first-generation college students. The contribution is part of MSIM’s effort to donate annually to diversity, equity and inclusion-related organizations from its own resources in connection with the Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (NYSE Arca: CDEI).
Von Hughes, Managing Director and head of Calvert expressed his support for the MSIM contribution noting that ANY is a natural choice because the organization embodies the Calvert Principles for Responsible Investing (the Calvert Principles).
“We believe that a more diverse workforce provides a wider range of viewpoints, backgrounds and skills and positions companies for greater long-term success,” said Mr. Hughes. “We are pleased that investor interest in CDEI created an opportunity to support ANY in its mission of providing transformative mentorship, career development and broad support for first-generation college students and recent graduates to increase workplace diversity across industries.”
CDEI seeks to track the performance of the Calvert US Large-Cap Diversity Research Index, which is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles. CDEI offers investors exposure to companies that Calvert believes are successfully managing diversity, equity and inclusion issues and is backed by Calvert’s proprietary research.
CDEI is one of six Calvert-branded ETFs available on the MSIM ETF platform, which launched in 2023. Additional offerings include one Parametric-branded alternative income strategy, one Parametric-branded hedged equity strategy, and seven Eaton Vance-branded fixed income strategies for which MSIM serves as investment adviser.
Morgan Stanley is a longtime supporter of ANY, a national 501(c)(3) non-profit organization that fights for economic mobility for ambitious, first-generation college students. In addition, ANY is a strategic community partner in the Morgan Stanley Institute for Inclusion’s Equity in Education and Career Consortium. Over the last 15 years, ANY has provided mentorship and intensive career development training to over 6,000 low-income, first-generation college students through its local Fellows Program in four states and its digital program, FirstGenU. Each year, over 90% of Fellows served by ANY complete internships and graduate from college and nearly 80% secure a full-time job with a competitive salary within six months of earning their diploma.
About Calvert Research and Management
Calvert Research and Management is a global leader in Responsible Investing, offering one of the largest and most diversified families of responsibly invested strategies. With over 40 years of experience, the firm seeks to generate favorable investment returns for clients by allocating capital consistent with environmental, social and governance best practices and through structured engagement with portfolio companies. Calvert is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. Learn more at calvert.com.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and $1.5 trillion in assets under management or supervision as of June 30, 2024. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
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