BetaShares’ ETHI fund recognised by RIAA
The Responsible Investment Association Australasia (RIAA) has recognised BetaShares’ Global Sustainability Leaders ETF (ETHI) which has reached $100 million in funds under management.
The fund, which invests in 100 large global stocks from developed market countries (excluding Australia) which are climate change leaders, managed to meet the RIAA’s criteria according to which product providers needed to demonstrate that investors had been provided with access to detailed information on how each investment product or financial adviser incorporated the environmental, social and governance (ESG) and ethical issues into their investment process.
According to BetaShares, ETHI’s screening criteria on top of environmental/ sustainability requirement also included a range of other ethical and social filters and that the fund offered a “true to label ethical investment option for investors”.
BetShares’ managing director, Alex Vynokur, said: “We have seen strong uptake in the ETHI fund since its launch; investors are increasingly more conscious of where their money is being invested.
“ETHI allows them to invest in line with their ethical beliefs and we are proud to be able to offer a simple, cost-effective and transparent investment option to Australians.”
AUTHOR
Oksana Patron
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