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
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.
