iShares Core MSCI Australia ESG Leaders ETF
iShares has listed a new exchange traded fund that will invest in large, mid and small cap Australian companies that have better sustainability credentials relative to their sector peers.
The fund will track the MSCI Australia IMI Custom ESG Leaders Index and will also avoid companies engaged in activities that are controversial or have adverse effects on climate. Like the other ETFs in iShares Core range, it is designed to be used as a core domestic allocation in a portfolio.
It has a management fee of 0.09 per cent and will make distributions quarterly.