Two SSgA funds rated 'Recommended' by Lonsec

The SPDR S&P/ ASX 200 ESG Fund has been rated "Recommended" by Lonsec, in its first coverage of the fund, while the State Street Climate ESG International Equity Fund also received a 'Recommended Index' rating.

"This Australian equities fund invests in large capitalisation stocks that have recognizable ESG characteristics, replicating the performance of a responsible investing aware index," Lonsec said of the Australian fund.

"The ETF's Managed Expense Ratio (MER) is much lower compared to similar ESG ETFs on the ASX and the index's underlying screening process is effective with clear criteria."

In regards to the Climate fund, Lonsec welcomed State Street Global Advisors' mitigation and adaption approach to integrating climate objectives into portfolio construction.