POWERED BY MOMENTUM MEDIA
UniSuper ESG funds reach $10b FUM
Higher education industry super fund UniSuper has surpassed $10 billion in funds under management (FUM) across three dedicated environmental, social and governance (ESG) options.
UniSuper had committed to actively incorporate ESG factors into all investment decisions and the dedicated ESG-themed strategies were designed to avoid companies involved in the production, generation, or transmission of coal, oil or gas.
The three ESG-themed strategies were:
- Sustainable High Growth, launched in 2000, which had delivered 10.8% in the last year to 31 December and 10.6% p.a. over 10 years;
- Sustainable Balanced, launched in 2007, which had delivered 8.8% in the last year to 31 December and 9.0% p.a. over 10 years; and
- Global Environmental Opportunities, launched in 2012, which had delivered 49.7% in the last year to 31 December and 17.5% p.a. since inception.
John Pearce, UniSuper chief investment officer, said surpassing the $10 billion milestone was significant, with “excellent returns” the major contributing factor.
“The growth also reflects just how engaged our member base is, and the importance of ESG considerations in their investment choices,” Pearce said.
“Today, UniSuper is one of Australia’s leading superannuation funds in the space, our history in incorporating ESG factors into all investment decisions and alignment with the Paris Agreement speaks for itself.”
UniSuper had committed to achieving net zero absolute carbon emissions in its investment portfolios by 2050, in alignment with the Paris Agreement.
Recommended for you
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
