BetaShares Australian Sustainability Leaders ETF
BetaShares has launched a new ethical ETF, the BetaShares Australian Sustainability Leaders ETF (ASX: FAIR) (the Fund), effective 7 December 2017.
According to BetaShares, the Fund provides exposure to a diversified portfolio of Australian companies that have been screened to preference companies engaged in sustainable business activities and to avoid companies engaged in activities deemed inconsistent with responsible investment considerations.
Commenting on the launch, BetaShares’ managing director, Alex Vynokur, said: “Demand for sustainable investing products is on the rise in Australia. More and more investors, especially younger Australians, are conscious about where their money goes and what kind of business activities they support."
He added: “The launch of FAIR illustrates BetaShares’ commitment to providing cost-effective tools for those investors focused on responsible investment. We expect to continue to grow our presence in this space with the launch of additional products in the future."