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
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
Frontier Advisors has bolstered its Japanese footprint through a partnership with the $350 billion asset management arm of Nippon Life Insurance Company.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
