eInvest launches actively managed ESG ETF
Exchange traded managed fund solutions distributor, eInvest, has launched its first actively managed environment, social, governance (ESG) exchange traded fund (ETF), eInvest Future Impact Small Caps Fund (IMPQ).
The new fund, which would be managed by Perennial Value Management, would be looking at both Australian and New Zealand small and mid cap stocks based on their positive contribution to the society and environment.
IMPQ would benchmark itself against the S&P/ASX Small Ordinaries Accumulation Index and would hold an actively managed portfolio that may hold up to 70 Australian or New Zealand stocks.
The companies would be screened against ESG criteria which would exclude the entities with more than 10 per cent of their revenue in fossil fuels, alcohol, tobacco, weapons, forestry activities, gambling and unhealthy fast foods.
eInvest‘s managing director, Camilla Love, said: “Sustainable investing is increasingly an important focus for many investors, and for the first time, Australian investors can access an actively managed ESG ETF.
“Our fund not only gives investors access to specialist active management skills through a convenient and lower-cost ASX tradeable structure, it also provides the tools to make a social impact without compromising on returns.”
AUTHOR
Oksana Patron
Recommended for you
Australian fund managers are actively seeking to launch Cayman versions of their funds to attract offshore flows, with Regal Partners set to launch its latest offering this month.
As private markets gain traction in Australia but only a limited pool of talent is available, three recruiters explore whether fund managers should consider looking overseas to find top talent.
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
