Vanguard Australia has expanded its environmental, social and governance (ESG) fund range with the launch of the Vanguard Active Positive Impact fund.
The global equity fund, which would be managed by Baillie Gifford, would seek to have a measurable impact on global environment and social challenges.
This would be achieved by a portfolio of 25 to 50 global companies which were seeking long-term outperformance and positive impact in areas such as social inclusion, education, healthcare, quality of life and environment.
This launch brought Vanguard’s ESG range to include three ETFs and five managed funds.
Evan Reedman, head of product at Vanguard Australia, said: “We are thoughtfully broadening our ESG line-up with solutions that enable investors to align investment objectives with personal preferences and ESG considerations.
“Australian investors are increasingly weighing ESG factors alongside more traditional considerations such as risk and return. This fund allows investors to target positive impact alongside financial outperformance.”
It would be available on the Vanguard Personal Investor platform with a management fee of 0.79% and be listed on third-party platforms in due course.
