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AUSCOAL's agriculture investment
AUSCOAL Super has emerged as one of the first investors in the Sustainable Agriculture Fund (SAF), investing $27 million into the product.
The investment, which is being funded from regular inflows, is intended to give AUSCOAL a diversified geographic exposure to cropping, livestock, dairy and poultry.
Commenting on the investment, AUSCOAL chief executive Bruce Watson said the Sustainable Agriculture Fund represented a compelling investment opportunity because there existed an alignment of business philosophy with respect to sensitivity to environmental and social issues.
He said the SAF would employ sustainable business practices that were aligned to the contemporary environment, social and governance concerns of AUSCOAL Super.
Watson said agricultural investments typically had low to negative correlations to the major asset classes, meaning that the SAF would provide AUSCOAL Super with an exposure to soft commodities and rural land, which was expected to provide a stable income and capital return over the longer term.
AUTHOR
Mike Taylor
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