AMP responsible investment funds reach $1.1bn in FUM
AMP’s responsible investment range of funds has reached $1.1 billion in funds under management.
AMP Capital senior investment specialist Angus Dennis said AMP Capital’s Responsible Investment Leaders (RIL) funds have increasingly been able to access responsible investment strategies across sectors, many of which are not available to individual investors in Australia, as the funds have grown in scale.
“The funds are well suited for investors looking to diversify and extend their responsible investment approach beyond shares,” Dennis said.
He said over the last year the RIL Balanced Fund has extended its environmental, social and governance focus beyond Australian and international shares, direct property and Australian fixed income to international fixed income (both credit and government securities). Dennis said they have also invested in sustainable emerging market equities and made an allocation to alternatives.
“The new allocation to clean tech, via a specialist US-based clean tech private equity firm, means investors will have access to companies that benefit from strong environmental growth drivers linked to energy price volatility, the quest for energy independence, corporate and consumer preferences and government policy,” he said.
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