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
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
