POWERED BY MOMENTUM MEDIA
VicSuper moves from responsible to conscious
VicSuper turns socially responsible investment option into socially conscious.
The Victorian-based fund said it had launched the option in response to extensive member and employer research, which revealed that 87 per cent of those surveyed believed socially responsible investing was important.
The launch of the option is consistent with VicSuper having been amongst the first superannuation funds to offer a socially responsible option when it launched its Equity Growth Sustainability option in 2001 which was later evolved into the Socially Conscious investment option.
Commenting on the move, VicSuper chief investment officer, Andrew Howard said the fund had offered a responsible investment option for years and believed it was important to offer choice to its members.
“We’ve built Socially Conscious so that it has competitive investment fees, and shifted the asset allocation to a medium risk profile to open up access to more of our members,” he said. “I’m happy to report the number of members and the value of funds under management in Socially Conscious is already growing.”
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
