InvestSMART Ethical Share Fund
InvestSMART has opened the offer for its InvestSMART Ethical Share Fund, an active exchange traded fund, which will invest in a portfolio of undervalued stocks selected on environmental, social and governance (ESG) basis.
The fund will be managed by value-focused manager Intelligent Investor. The manager believes that their selection process will result in a portfolio of shares that are at a lower risk of disruption from factors that negatively impact the environment, society and ultimately investor returns. The fund will hold between 10 to 35 stocks and has a management fee of 0.97 per cent.
The offer will close on May 31 and trading on the Australian Stock Exchange is expected to commence on 12 June 2019 with the fund code INES.