Bendigo launches socially responsible growth fund
The wealth division of Bendigo and Adelaide Bank has introduced the new Bendigo socially responsible growth fund.
The new fund would be offered not only as a standalone fund for investors, but also as a choice in Bendigo SmartStart super fund, the company said.
According to Paul Rohan who is head of wealth at Sandhurst Trustees, an issuer of the new product, sustainability was a "path of continuous improvement for Bendigo Bank".
"Almost 15 years ago, Bendigo Bank launched Australia's first ‘green loans' — lower-cost loans for sustainable housing or home improvements such as water tanks, double glazing, solar energy and the like, so the Bendigo socially responsible growth fund is a logical extension to those early initiatives," he said.
"While many of our Bendigo SmartStart customers are gen Y and millennials, it was their parents' generation who were largely responsible for organising some of the most significant campaigns in our modern history to protect Australia's environment and to drive social change.
"Hopefully, it won't be too long before their parents twig to the fact that you don't have to have your superannuation invested with us to access the Bendigo socially responsible growth fund too."
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