AXA IM’s ESG fund ‘recommended'
AXA Investment Managers' (AXA IM) fully integrated environmental, social and governance (ESG) smart beta equity pool fund has outperformed its benchmark by 4.69 per cent, while it also received a ‘recommended' rating from research house, Lonsec.
AXA's IM ACWI SmartBeta Equity fund received the ‘recommended' rating from Lonsec as it offered investors a low-fee, systematic approach to global equities, with less volatility than the benchmark, while it allowed for ESG considerations.
The fund also received a ‘high' Morningstar sustainability rating and responsible investment certification from the Responsible Investment Association Australasia (RIAA), AXA IM said.
Managed by AXA IM's Rosenberg Equities team, the fund was designed to give Australian long-term investors a more efficient way of capturing global equity market beta, while it avoided the limitations of both market cap-weighted indices and alternative weighted schemes, the firm said.
Since the fund launched it achieved an annualised return of 18.4 per cent.
Recommended for you
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
