AMP adds SRI
AMP Capital Investors will apply sustainable and responsible investment (SRI) principles to its Responsible Investment Leaders (RIL) Balanced Fund this month, applying environmental, social and governance (ESG) assessment across equity, debt and direct property.
Commenting on the changes, AMP Capital Investment specialist Angus Dennis said applying SRI principles to the Australian fixed income portfolio takes the fund’s SRI focus a step further.
“This fixed interest initiative is consistent with AMP Capital’s strategy of continually enhancing the SRI emphasis of our RIL product range. Specifically, the strategy will ensure continuity of SRI focus in the RIL Balanced Fund across corporate issuers for both equity and debt, with global debt solely invested in sovereign bonds,” he said.
Recommended for you
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.
South Australian financial advice and accounting business Perks has extended its paid parental leave program from 12 to 26 weeks, putting it on par with big four firms.