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Eaton Vance Deal Complements Morgan Stanley's Lineup

The deal combines two companies with Average Parent ratings.

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Morgan Stanley (MS) announced that it will acquire Eaton Vance (EV), a deal that is expected to close in 2021's second quarter. This news doesn't immediately affect Morgan Stanley's Average Parent rating or any strategy's Morningstar Analyst Rating.

Morgan Stanley Investment Management will get a big boost in assets under management. Its $665 billion will grow to $1.2 trillion under current asset levels, fulfilling Morgan Stanley CEO James Gorman's previously stated desire to get the business to the $1 trillion mark. The company's asset-management strategy has come full circle. This deal comes 11 years after it sold its Van Kampen lineup to Invesco in the aftermath of the global financial crisis, a move that later seemed shortsighted.

Katie Rushkewicz Reichart does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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