The influence of Pope Francis’ recent visit to New York is being felt at Morgan Stanley (MS). The wirehouse said early Friday that it is rolling out a tool kit for financial advisors based on Catholic values.
“We are pleased to provide our [individual and institutional] clients with strategies to pursue risk-adjusted financial returns in tandem with faith-based objectives,” said Hilary Irby, Head of Morgan Stanley’s Investing with Impact Initiative, in a statement. “There continues to be a growing range of investment choices and opportunities in the Catholic values space, across mutual funds, exchange-traded funds and separately managed accounts.”
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