Morgan Stanley Wants to Convert Nearly $10 Billion in Municipal Mutual Funds Into ETFs. Shareholders Must Approve First
Morgan Stanley Investment Management (MSIM) seeks shareholder approval to convert eight Eaton Vance municipal bond funds, totaling nearly $10 billion, into ETFs. Seven will become new actively managed ETFs, while one will merge into an existing ETF (EVSM). The conversion aims to leverage growing demand for actively managed municipal ETFs, according to MSIM. Shareholders must vote on the proposal, with materials expected to be mailed around October 30, 2026.



