POWERED BY MOMENTUM MEDIA
Vision Super further de-carbonises portfolio
Vision Super has replaced three carbon intense companies from its portfolio with three low carbon investments.
The industry fund said this was part of their initiative to de-carbonise its investment portfolio and the move would achieve a reduction of 75 per cent of the carbon foot print benchmark.
The fund's chief executive, Stephen Rowe, said: "This is a major step in further de-carbonising Vision Super's portfolio".
"Environmental and social governance [ESG] is a core focus of Vision Super and we have once again demonstrated out commitment to low carbon investing.
Vision Super said the replacement would occur without modifying the credit risk.
Recommended for you
The sovereign wealth fund grew $11.5 billion in the March quarter, according to its latest portfolio update, having previously voiced caution about inflation’s downward trajectory.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
62.62 3 y p.a(%)
3
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.95 3 y p.a(%)
4
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
5
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
Add new comment