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The Fund is an actively managed exchange-traded fund (ETF). The investment objective of the Fund is to seek to provide consistent monthly income while maintaining prospects for capital appreciation. The Adviser and Parametric Portfolio Associates LLC (the Sub-Adviser) seek to fulfill the Funds objective by using two principal strategies (1) creating an actively-managed portfolio of dividend-paying equity securities that primarily include common stocks of U.S. companies selected from the Russell 3000 Index (the long equity portfolio); and (2) selling (writing) option contracts on the SPDR S&P 50 ETF Trust (the Underlying ETF) or on the S&P 500 Index (Underlying Index) to generate additional yield.

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Crystal Zhu, former head of China Telco, Media &amp; Tech IB at JPM, joins Morgan Stanley as co-head of APAC tech team. She&#39;ll focus on M&amp;A and IPOs.

Morgan Stanley Gets New Tech Team Leader - Veteran Crystal Zhu From JPMorgan

Morgan Stanley ETF Trust Parametric Equity Premium Income ETF

Crystal Zhu, previously head of China telecommunications, media, and technology investment banking at&nbsp;JPMorgan Chase &amp; Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), has transitioned to&nbsp;Morgan Stanley&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) as co-head of their Asia Pacific technology team, according to insiders.&nbsp;



She will remain based in Hong Kong and focus on mergers and acquisitions and initial public offerings in the tech sector.



Having spent about 15 years at JPMorgan, Zhu&nbsp;has served&nbsp;as a managing director since 2019, per her LinkedIn profile, Bloomberg&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-06/jpmorgan-s-top-china-tmt-banker-crystal-zhu-said-to-join-morgan-stanley?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a>.



Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38621157/from-speculation-to-revelation-jpmorgan-reportedly-unveils-indexgpt-ai-tool" rel="noreferrer noopener">From Speculation To Revelation: JPMorgan Reportedly Unveils IndexGPT AI Tool</a>



Before JPMorgan, she was part of KPMG&#8217;s transaction advisory division.



This move follows recent high-level exits at Morgan Stanley, such as Ren Chen, formerly global head of internet investment banking, and Henry Tsai, who headed internet investment banking for the Asia-Pacific region.



Bloomberg data indicates that Morgan Stanley trails JPMorgan in this year&#8217;s APAC M&amp;A league, with a 17% drop in deal volume involving regional firms. In contrast, activity in the U.S. and Europe has surged over 40%.



Prior reports indicated Morgan Stanley&#8217;s plan to slash&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38287804/morgan-stanley-to-slash-jobs-in-asia-pacific-region-report" rel="noreferrer noopener">50 investment-banking jobs</a>&nbsp;in Asia-Pacific following declining revenues in the region.



Meanwhile, the bank is also exploring ways to&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/04/38431467/morgan-stanley-considers-broader-bitcoin-etf-sales-through-broker-network" rel="noreferrer noopener">expand its offerings</a>&nbsp;in&nbsp;Bitcoin&nbsp;exchange-traded funds (ETFs).



In April, Morgan Stanley reported&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38272690/why-morgan-stanley-shares-are-surging-today" rel="noreferrer noopener">fiscal first quarter 2024</a>&nbsp;revenues of $15.1 billion, beating the analyst consensus estimate of $14.34 billion. EPS stood at $2.02, beating&nbsp;the analyst consensus estimate of $1.68.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/06091508/newplot-1.png" alt="" class="wp-image-323948" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/06091508/newplot-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/06091508/newplot-1-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>



Morgan Stanley stock gained 11% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Morgan Stanley ETF Trust Parametric Equity Premium Income ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAPI#NYSE">PAPI</a>) and&nbsp;Morgan Stanley ETF Trust Calvert US Large-Cap Core Responsible Index ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVLC#NYSE">CVLC</a>).



Price Action:&nbsp;MS shares traded higher by 0.68% at $94.28 on the last check Monday.



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



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Latest Morgan Stanley ETF Trust Parametric Equity Premium Income ETF News | ARCA:PAPI | Benzinga

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