Morgan Stanley's ETF Conversions Boost Portfolio to Over $1 Billion

Morgan Stanley has surpassed $1 billion in its exchange-traded lineup following the firm's inaugural mutual-fund conversions. The issuer has transformed two fixed-income mutual funds into ETFs, expanding its total ETF lineup to 14 funds. This move signifies the growing strength of Morgan Stanley's ETF portfolio and highlights the increasing popularity of exchange-traded funds in the market.