Product wrap: Morgan Stanley starts Ethna revival in France

EUROPE Morgan Stanley issued Ethna Défensif Mars 2023 in France. The six-year product is distributed via Axa and offers access to Ethna-Aktiv , a multi-asset fund that is actively managed on a flexible basis, independent of benchmarks. The fund consists of a bond portfolio that is invested in corporate and sovereign bonds; it also includes an equity portfolio accounting for up to 49% of the total assets, which may comprise liquid index derivatives, as well as individual equities. Currenc