Bendigo Wealth launches Emerald Wrap
Bendigo Wealth helped to launch dedicated responsible investment platform The Emerald Wrap in Sydney this week, with Bendigo and Adelaide Bank to be the wrap's default cash account provider.
Every account opened on the wrap will use the Adelaide Bank Cash Management Account as a default, unless an alternative is selected, Bendigo stated.
Bendigo Wealth senior manager - strategic partners and alliances Diego Del Rosso said by providing a place where responsible and ethical investment funds were brought together in one place, the new platform would encourage the increasing trend towards socially responsible investing.
"Bendigo and Adelaide Bank is pleased to have been recognised by The Emerald Wrap as truly 'walking the talk' in terms of both our operations and offerings to customers and partners.
"From the design of our headquarters through to the range of green products and the social dividend returned via our community bank model, this new partnership is a natural fit," Del Rosso said.
The wrap was launched last night, featuring executive director of the Principles for Responsible Investment Dr James Gifford, who said the potential for responsible investment within the retail space is huge and untapped, according to The Emerald Wrap.
Environmental, social and governance issues can be material factors, and fund managers that are managing these issues in a comprehensive way are likely to outperform in the longer term, he said.
According to The Emerald Wrap, in 2011 managed core responsible investment portfolios rose by 7 per cent to $16.52 billion - performing significantly better than the broader market, which rose 1.8 per cent.
The Emerald Wrap offers around 25 responsible investment funds and over 200 traditional managed funds, and will offer managed models of equities using Powerwrap's separately managed account functionality, which The Emerald Wrap said would give advisers and their clients greater transparency, control and cost-effectiveness.
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