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…
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