POWERED BY MOMENTUM MEDIA
Anglican fund shuns fossil fuel
An Anglican superannuation fund is following the footsteps of AMP Capital, HESTA and Hunter Hall, announcing they are divesting from all fossil fuel investments.
Anglican National Super (ANS) made the announcement after similar moves from the Canberra and Perth Anglican Dioceses last week.
The Sydney Anglican Diocese super provider will be working with AMP to divest from fossil fuels.
"By actively supporting like-minded organisations and conventions around the world, and not investing in organisations which do not share and support our ideals, we are able to modify behaviour and influence corporate policy," Anglican National Super business relationship manager at AMP financial services Paul Willis said.
The Anglican Church of Australia supported the move at their General Synod in July, expressing regret that future generations will pay the price for the high dependence on carbon-based energy.
The national Synod urged each Anglican Diocese in Australia to review criteria for its investments, and think about eliminating fossil fuel industries from Diocesan investment portfolios.
In total, 47 religious institutions worldwide have pledged to divest from fossil fuels so far.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
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(%)
