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.”