Morgan Stanley’s wealth management unit has launched two sustainable investment products in which individuals can get started with as little as $10,000.
Hilary Irby, head of Morgan Stanley’s Investing with Impact initiative, said the low investment threshold was part of a strategy to make sustainable investing more accessible.
Morgan Stanley’s brokerage group launched similar offerings in 2014 with a minimum investment threshold of $400,000.
One of the new products, Impact Access Equity, is strictly for equities.
The other, called Impact Access Balanced, is a 50-50 mix of equities and fixed-income investments. The Investing with Impact division, launched in 2012, has grown to over 140 products.
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Photo credit: Olu Eletu