Christian Super has announced that as the first superannuation fund in Australia it will offer an ethically-screened index shares investment option.
The new index, the Ethical Index Shares, would comprise of 50 per cent Australian shares and 50 per cent international shares, with an annual investment fee of 0.30 per cent and indirect cost ratio of 0.08 per cent.
Also, Christian Super announced the launch of its new Ethical Growth Plus investment option, with an 84 per cent allocation to growth assets, with an investment objective of 3.5 per cent above inflation over a 10-year period.
Additionally, 12 per cent of the assets in this option would be allocated to impact investments.
“This new investment option provides low-fee equity exposure while continuing to incorporate our signature ethical screens,” Christian Super’s chief executive, Ross Piper, said.
“We’re really pleased that we’ve been able to respond top feedback from financial advisers who have values-aligned clients looking for this kind of option from their superannuation fund.”
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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