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Parametric Equity Plus ETF (PEPS) is designed to generate alpha versus the S&P 500 through a rules-based derivatives strategy. PEPS also invests in an underlying portfolio reflective of the broader equity index, utilizing options to maintain market beta while capturing premiums and offering some downside protection. The fund has consistently outperformed SPY since inception, except during short market declines, where its deep OTM puts offer limited protection.
This year's complex market and economic backdrop create a number of challenges for advisors and investors. Investors looking to diversify their equity portfolio should consider the Parametric Equity Plus ETF (PEPS).
Actively managed ETFs have certainly enjoyed a profound increase in market momentum this year. Back in August, active ETFs passed the $1 trillion threshold in terms of worldwide assets.
On Friday, November 8, Morgan Stanley Investment Management expanded its ETF roster with the launch of the Parametric Equity Plus ETF (PEPS). The actively managed fund has a net expense ratio of 0.29%.
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management (“MSIM”) today announced the launch of its latest ETF, Parametric Equity Plus ETF (Ticker: “PEPS”), a US large-cap equity strategy. Since the introduction of MSIM's first ETFs in 2023, the platform has grown to over $3.3 billion in ETF assets with 16 total strategies that span asset classes and themes. Listed on the Nasdaq, the latest addition to the platform is the third Parametric ETF brought to market and follows the conversion.
SEC filings for PEPS aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.