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.
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.