Sustainable strategy continues expansion
Al Gore’s sustainability fund, the Generation Wholesale Global Sustainability Fund, has been added to the Avanteos platform through an exclusive deal with ColonialFirstState, which launched the fund last year.
The fund’s manager, Generation Investment Management, uses sustainability research in its selection process for buying high quality companies for the purpose of long-term investing and was co-founded by the former US vice-president and former Goldman Sachs Asset Management chief executive David Blood.
The fund is currently only available on the Colonial FirstChoice and Avanteos platforms, which are both members of the Commonwealth Bank group.
Avanteos has also been upgraded with several new features, including further investor rebates, a BPAY® facility for investor contributions and enhanced performance reporting, providing users with reporting and output options across portfolios as well as for individual underlying investments.
Recommended for you
Financial advisers are reminded to ensure their CPD is up to date with the Financial Services and Credit Panel making its second determination in a week after an adviser failed to meet the requirements.
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
While efficiency remains a top priority for Australian advisers, State Street has revealed the profession is now juggling this desire with the need to maintain personalisation of its service offering.
A possible acquisition of data provider Iress is becoming a greater likelihood after the firm announced it is engaging with multiple interested parties.
