BetaShares launches ethical ETF
BetaShares has launched a new, ethical exchange traded fund (ETF), the BetaShares Australian Sustainability Leaders ETF (FAIR), which will offer investors access to a portfolio of the sustainable, ethical Australian companies in one trade.
FAIR would offer of a portfolio screened for preference companies engaged in sustainable business activities and to avoid companies engaged in activities deemed inconsistent with responsible investment considerations.
Also, due to the impact of the broad-ranging methodology used by FAIR, its portfolio would exclude the majority of mining stocks, including BHP and RIO, as well as the big four banks, the firm said.
FAIR would also remove companies directly involved in the fossil fuel industry and those with a high use of fossil fuels.
BetaShares’ managing director, Alex Vynokur said: “More and more investors, especially younger Australians, are conscious about where their money goes and what kind of business activities they support.
“What started as a niche area for not-for-profit investors and religious groups has now evolved into a strong and positive trend of increased consciousness regarding financial investments.
“the launch of FAIR illustrates BetaShares’ commitment to providing cost-effective tools for those investors focused on responsible investment.”
The launch of FAIR followed the introduction in the Australian market of the BetaShares Global Sustainability Leaders ETF (ETHI) in January, which provided access to a portfolio of global companies (ex-Australia) which were similarly ethically-responsible.
AUTHOR
Oksana Patron
Recommended for you
Two former senior Global X employees have launched their own ETF provider, ETF Shares, focused on offering index ETFs for advisers and retail investors.
With GCQ Funds Management and Lakehouse Capital making their recent ETF debuts, the two fund managers unpack why financial advisers are essential to their respective launches.
ETF provider Global X is set to launch its latest ETF, focused on artificial intelligence infrastructure.
Index provider MSCI has unveiled two measures to make it easier for financial advisers and wealth managers to access transparent insights into private assets.
