VanEck funds added to AustralianSuper
AustralianSuper has added three VanEck exchange traded funds (ETFs) to its Member Direct platform, making them available to 2.2 million members.
VanEck Vectors MSCI International Sustainable Equity, VanEck Vectors MSCI Australian Sustainable Equity and VanEck Vectors MSCI World ex Australia Quality were the three funds chosen by the super fund.
Both of the sustainable funds had been classed by the Responsible Investment Association Australasia (RIAA) certification programme as ‘responsible investments’
Arian Neiron, chief executive and managing director of VanEck, said: “Both superannuation and retail investors want to invest in products which have a positive impact and are socially responsible.
“Both [sustainable] products have enjoyed robust inflows as investors globally move towards value-based investing. Climate change, various social awakenings driving systemic changes and the COVID-19 pandemic have focused investors’ minds on environmental, social and governance (ESG) factors and more companies are being challenged for substandard behaviour and poor management of ESG factors.”
The three ETFs joined VanEck Vectors Australian Equal Weight and VanEck Vectors FTSE Global Infrastructure (Hedged) on the platform.
Last week, ETF Securities Physical Gold ETF was added to the AustralianSuper platform.
AUTHOR
Laura Dew
Recommended for you
Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation.
Online investment adviser and fund manager Stockspot has introduced Stockspot Super, Australia’s first 'ETF only' superannuation product. superannuation product.
ASIC has called on superannuation funds to improve their oversight of advice fee deductions following an investigation of 10 trustees that found $990 million was charged in one year.
With just 30 per cent of Australians knowing their superannuation balance to the nearest $1,000, Findex has emphasised the role of financial advice in addressing the critical super knowledge gap.
