Alphinity Sustainable Share Fund
Alphinity Investment Management has launched the Alphinity Sustainable Share Fund (SSF), which invests in a diversified portfolio of Australian stocks that have strong environmental, social, and governance (ESG) characteristics.
The fund also, where possible, looks to invest in stocks that contribute to the advancement of the UN Sustainable Development Goals (SDG). To this end it has appointed Australian ESG investment pioneer, Elaine Prior, and fellow ESG veteran and Action Sustainability Asia Pacific co-founder, Mark Lyster, to its Sustainable Share Fund Compliance Committee.
The fund will hold between 35-55 stocks and has a management fee of 0.95%.
“We seek companies which, along with offering attractive financial returns, have strong ESG practices and/or have the capacity to make a positive impact on society in areas of economic, environmental and social development by contributing towards the advancement of the UN SDG agenda," Bruce Smith, principal and portfolio manager of the fund said.
The fund is available on the Australian Securities Exchange's mFund platform.