POWERED BY MOMENTUM MEDIA
HESTA and LGS Super named global leaders in responsible investment
Industry superannuation funds HESTA and LGS Super have been named as global leaders in responsible investment by the United Nations Principles for Responsible Investment (UNPRI).
Announced on Wednesday in Paris, the selection criteria for the Leaders’ Group was based on selection, appointment and monitoring of external managers in listed equity and private equity.
In total, there were six Australian firms including CBUS, First State Super, Local Government Super, VicSuper and Vision Super.
HESTA chief investment officer, Sonya Sawtell-Rickson, said the investment team had an established framework for assessing and monitoring their investment managers’ responsible investment performance that informed ongoing engagement.
“We’re continually looking to improve the integration of responsible investment practices across our investment managers through constructive engagement and education,” she said.
“This kind of engagement is really about sharing knowledge and advancing standards that set higher market expectations and supports deepening the relationships with external managers, so we’re a global investor of choice.”
LGS chief investment officer, Craig Turnbull, said: “We’re proud to have been included in the UNPRI Leaders’ Group.”
“The main aim of the UNPRI is to encourage investors to use responsible investment not only to better manage risk, but to improve returns, and this aligns with LGS’ core objective of enhancing the retirement income of our members through the responsible, long-term stewardship of their funds,” he said.
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
