Morgan Stanley Annual Report Pdf

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Xena Donovan

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Aug 4, 2024, 4:17:39 PM8/4/24

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Foremployees, finances are the number-one source of stress,1 more so than work, health and even family issues. Financial stress is a concern for employees at all income levels: Even among employees with an annual household income of $100,000 or more, 52% report feeling stressed by finances.2

Weakened Company Culture

Stress hacks away at morale. Employees burdened by money matters are nine times more likely to have troubled relationships with coworkers and are twice as likely to be searching for a new job.5 This could pose a myriad of issues, from trouble retaining employees to increased H.R. workload and training costs.

Delayed Retirements

Did you know that 40% of employees plan to postpone retirement?6 This can have an impact on your bottom line by way of wages, health-care costs and workers compensation. Research shows, even a one-year delay in retirement could result in:7

Helping Ease Employee Stress

To combat the negative effects of financial stress and build a stronger, more loyal team, consider offering a Financial Wellness program. This is a widely desired benefit: 60% of employees say they are more likely to stay with an employer that offers a program designed to help them manage their money.8

When implementing a program, be sure it is tailored specifically for your employees. For instance, a recent survey showed half of employees spend more than they earn each month; therefore, resources on budgeting could be highly beneficial for these folks. Another idea is to focus on debt management, given that 37% of employees say they have more debt than they can manage.9

The latest report illuminates the state of the Swiss watch industry in 2024.The Swiss watch industry concluded the year on a positive note, achieving record sales totaling CHF 26.7 billion, with CHF 25.5 billion attributed to wristwatches (+7.7%) sold in a total of 16.9 million units. Initially, this appears to be very positive news. However, the latest annual report published by Morgan Stanley and LuxeConsult provides a more detailed and nuanced analysis, revealing a tale of two halves.

Premiumization continues unabated, with watches priced over CHF 25,000 driving 69% of the growth and constituting 44% of the total value of Swiss watch exports. However, despite its significant value contribution, this segment represents only 2.5% of the total volume in units.Swatch Group is the primary contributor to volume in the entry and midlevel price segments, holding an overall volume share of 72%.

I would define an independent brand as one that has no affiliation to a luxury group and that is neither listed nor institutionalized. Given these criteria, the brands can prove very diverse both in terms of sales and market positioning.

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Before investing in any Eaton Vance, Calvert or Morgan Stanley Investment Management Inc.-advised fund, prospective investors should consider carefully the investment objective(s), risks,and charges and expenses. Read the prospectus carefully before you invest or send money. For open-end mutual funds, the current prospectus contains this and other information. To obtain an open-end mutual fund prospectus or summary prospectus and the most recent annual and semiannual shareholder reports, contact your financial advisor or download acopy here.For closed-end funds, you should contact your financial advisor. To obtain the most recent annual and semi-annual shareholder report for a closed-end fund contact yourfinancial advisor or download a copy here.To obtain an exchange-traded fund, ("ETF") prospectus or summary prospectus, contact your financial advisor or download a copy here.

Before purchasing any variable product, considerthe objectives, risks, charges, and expenses associated with the underlying investment option(s) and those of the product itself. For a prospectus containing this and otherinformation, contact your investment or insurance professional. Read the prospectus carefully before investing.

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Eaton Vance open-end mutual funds are offered through Eaton Vance Distributors, Inc. One Post Office Square, Boston, MA 02110. Member FINRA / SIPC. Exchange-traded funds are distributed by Foreside Fund Services, LLC.

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