Christian Super has awarded Robeco a $100 million mandate for its Enhanced Indexing Equities strategy, citing the asset manager’s environmental, social and governance (ESG) investment experience as a key factor in its decision.
“Christian Super is delighted to be partnering with Robeco as we continue to deepen the integration of ESG factors across our investment portfolio,” the super fund’s chief executive, Ross Piper, said. “Our organisations share a deep commitment to responsible investment, and a long track record of integrating sustainability factors into the way we invest.”
The strategy offered an alternative to passive investing for investors looking for stable outperformance after costs with a low tracking error, as well as integrating ESG criteria.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.