AMP adds ethical flavour to master trust menu
To capitalise on the growing appetite for ethical investments,AMPhas added 15 new investment options to its retail corporate super master trust, CustomSuper, including three socially responsible sustainable fund options.
AMP has also added to the suite two AMP multi-manager Future Directions diversified options and a selection of single sector investment options managed by AMP Henderson Global Investors.
All together, there are two balanced options, one moderately aggressive, one international bonds fund, one property, four international shares fund, and seven funds investing in Australian shares.
The three sustainable funds are part of the balanced, international shares and Australian shares options.
AMP Financial Services national manager Tristan Laszok says the rationale for releasing the three socially responsible investments funds in the master trust stemmed from a perceived demand amongst investors.
“Feedback from financial planners showed that some fund members wanted the option of selecting socially responsible options,” he says.
“The AMP Sustainable Future Fund options are managed using the socially responsible investment approach developed over many years by AMP Henderson Global Investors in the United Kingdom.”
AMP says its AMP Henderson Global Investors’ socially responsible investment style was ranked number third out of 142 reviewed by the Stockholm based Foundation for Strategic Environmental Research.
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
