The Morgan Stanley International Equity Sustainable Leaders ETF, previously known as the Morgan Stanley International Equity Value ETF (CVIE), is an exchange-traded fund that tracks the performance of the MSCI World ex USA ESG Leaders Index. The ETF was launched in 2015 and is managed by Morgan Stanley.
The fund seeks to provide investors with exposure to international companies that have high environmental, social, and governance (ESG) ratings. The index uses a rules-based methodology to identify companies that have demonstrated leadership in ESG factors relative to their peers. The index screens companies based on ESG-related criteria, such as carbon emissions, labor practices, and corporate governance.
As of early 2021, the market capitalization of CVIE was approximately $50 million. The ETF provides investors with a low-cost way to invest in international companies that have demonstrated strong ESG leadership, allowing investors to align their investments with their values.
Investing in ETFs like CVIE carries certain risks, including the potential for market fluctuations, as well as risks specific to the ETF structure, such as tracking error and liquidity risk. Additionally, the performance and returns of the ETF can be influenced by various factors, including changes in the underlying index methodology, changes in ESG factors, and global economic conditions. Potential investors should carefully consider these risks before making any investment decisions.
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