The most successful of the new Morgan Stanley ETFs will now offer an even higher risk-adjusted return than its competitors, as it offers a 10% compound annual growth rate, according to a new analysis from the investment bank.
Morgan Stanley, the largest U.S. brokerage by assets, announced the change in Tuesday’s quarter results.
In 2016, the company was the most highly rated ETF in the S&P 500.
But it fell to third in the index as a whole after the market fell in 2017.
Morgan’s new index, the Morgan Fund, was set up in 2009 as a vehicle to help investors get exposure to high-quality, stable ETFs that were designed to be more stable than other types of ETFs.
Investors have been searching for a more diversified portfolio of funds over the past year, and the Morgan ETF has been attracting a lot of attention from investors.
The fund is now the third most-diversified fund in the country behind Vanguard and Fidelity.
The change comes after Morgan Stanley and Fyfe Securities, the financial services firm that oversees the Morgan fund, have been in talks with Vanguard and the U.K.-based investment firm BlackRock.
BlackRock’s recent announcement that it will start offering a fund called the “BlackRock Morgan Fund” is an indication that investors are willing to put their money into an ETF with a low cost of funds.
In addition, Morgan Stanley has long offered an alternative ETF for investors to buy directly, called the Morgan BlackRock Morgan Index.
It offers a lower cost of money and is similar to Vanguard’s index.