Australian Ethical received RIAA’s highest ranking
Fund manager, Australian Ethical has received the highest possible ranking among 50 of the top super funds, according to the Responsible Investment Association Australasia (RIAA).
RIAA's benchmark report found that Australian Ethical was one of 12 funds overall, and one of two retail funds, that was ranked as a ‘comprehensive' responsible investor.
It was ranked across the five pillars of commitment, governance, implementation, measurement and transparency, the RIAA said.
Australian Ethical's managing director, Phil Vernon said: "We are seeing increasing demand among working Australians for superannuation products that align with their values".
"This benchmarking report provides objective information for people looking to choose a fund, and also makes it clear to the superannuation industry what best practice looks like".
Based on Money Management's Investment Centre, Australia Ethical's flagship fund also outperformed the benchmark by 6.56 per cent, after it generated an annualised return of 14.60 per cent over the past five years. http://investmentcentre.moneymanagement.com.au/factsheets/mi-l7fs7/aust…
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
