POWERED BY MOMENTUM MEDIA
NGS Super to launch socially responsible option
NGS Super will roll its green shares option into a socially responsible investment (SRI) option later this year.
Despite Super Ratings reports showing a move away from standalone SRI options towards environmental, social and governance (ESG) overlays, chief executive of NGS Super Anthony Rodwell-Ball said the investment options had been developed in response to member demand.
He said its current Green Shares option had a purely environmental focus whereas the SRI option would inject slightly more social and governance factors into investment decisions excluding tobacco, pornography and armaments.
Although members would gain access to an investment option that lent itself to ESG considerations, Rodwell-Ball said the fund’s portfolio was still managed responsibly.
He said NGS Super was the first institutional investor into Social Venture Australia’s social benefit bond, investing half a million dollars into providing preventative social security programs.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
