RIAA approves two Legg Mason funds

Responsible Investment Association Australia (RIAA) has approved two Legg Mason investments funds, the Legg Mason Martin Currie Ethical Income Fund and the Legg Mason Martin Currie Ethical Values with Income Fund – as certified responsible investments.

RIAA, which is the peak industry body representing responsible, ethical and impact investors across Australia and New Zealand, launched in 2005 its Responsible Investment Certification Program aimed at helping investors to navigate towards investment options and financial advice that better match their investment beliefs and personal values.

The Martin Currie funds combined proprietary bottom-up environmental, social, governance (ESG) research with investments restrictions to help avoid companies, sectors and industries that did not meet certain ethical criteria based on ethical values.

Related News:

Legg Mason Australia’s managing director, Andy Sowerby, said: “We believe that environmental, social and governance (ESG) factors are very important to a growing group of our clients. We also believe that they are critical to a long-term investment process designed to deliver attractive risk-adjusted client returns.”

He also stressed the importance of a long-term relationship with RIAA and its approvals for these two funds.

“This is an evolving area of investment and the RIAA play an important role to help consumers. When an investor sees the RIAA Certification Symbol for an investment product, they have assurance that it has met standardised responsible investment criteria,” he added.




Related Content

Headline inflation flatlines quarter on quarter

The Australian Consumer Price Index (CPI) missed expectations of a 0.2 per cent quarter on quarter rise as the March quarter drew to a close, instead ...Read more

The ‘indispensable’ way investors can challenge companies

Proxy voting is an ‘indispensable’ way investors can influence companies and industries on environmental, social and governance (ESG) practices, a...Read more

Global economy sees some stability return

The United States and Chinese economies are showing improvement and a recession could even be avoided, according to Etsy Dwek, head of global market s...Read more

Author

Comments

Add new comment