Managed accounts platform, Praemium, has announced the addition of the Australian Ethical Australian Shares portfolio to its separately managed accounts (SMAs) and introduction of its new environmental, social and governance (ESG) screening platform functionality.
The firm said it enhanced its approach to ESG in response to a growing investor and adviser demand by partnering with ESG research house Sustainalytics which would assist with integration of their ESG research and analysis into the platform.
This would mean that Praemium’s managed accounts platform would be able to automatically screen portfolios against nine key screening criteria such as three fossil fuel screens, alcohol, tobacco, gambling, adult entertainment, animal testing and controversial weapons.
At the same time, the addition of the Australian Ethical Australian Shares portfolio to the Praemium SMA would give investors the opportunity to access portfolios via a SMA and invest in an actively managed, diversified Australian share portfolio of companies selected for their ESG credentials.
“The growing interest in ethical investing is only likely to increase as investors look for ways to minimise their environmental footprint. This offers a real engagement opportunity for informed and well-prepared advisers to provide advice and support to help investors align their investment goals with their personal ethics,” Praemium’s head of investment managers &...