Morgan Stanley Expands Fixed Income ETF Lineup with Preferred Securities Fund
Event summary
- Morgan Stanley Investment Management launched Eaton Vance Preferred Securities and Income ETF (EVPF) on March 5, 2026.
- EVPF is the 12th actively managed fixed income ETF and 19th ETF strategy from MSIM's platform since 2023.
- The fund has a net expense ratio of 0.20%, waived temporarily through June 30, 2026.
- EVPF focuses on preferred securities and other income-producing assets, targeting tax-advantaged yields.
The big picture
Morgan Stanley continues its aggressive ETF expansion, now offering 19 strategies with a focus on active fixed income management. The launch comes as investors seek yield in a moderating inflation environment, with preferred securities offering diversification benefits. MSIM's $1.9 trillion AUM platform positions it as a major player in the ETF space, particularly in specialized fixed income strategies.
What we're watching
- Market Positioning
- Whether MSIM can differentiate EVPF in a crowded preferred securities space.
- Performance Metrics
- How EVPF's actively managed strategy performs against passive alternatives.
- Regulatory Dynamics
- The impact of potential Fed easing on preferred securities' appeal.
Related topics