North’s ESG AUM doubles in 12 months
North investment platforms has seen assets under management (AUM) for its environmental, social and governance (ESG) investment options grow 6.5 times faster than non-ESG investments during the past calendar year.
AUM for North’s ESG investment range increased by approximately 100% to almost $600 million over the 12 months to 31 December, 2021.
AMP director of platforms, Edwina Maloney, said: “Whether it’s carbon emissions, community engagement or working conditions, there is ever increasing demand for investments which take into account ESG factors and allow for the alignment of investing with values.
“It’s why the North team is committed to providing advisers and clients with access to an expanding universe of high-quality responsible investment options, building on the launch of Australia’s first ESG-based managed portfolio range in 2020.”
More than doubling the ESG investment options offered on its menu in 2021, North announced the launch of a further 13 options, taking North’s ESG investment range to almost 60 options, with further additions planned.
The increasing ESG AUM also reflected broader industry trends, which had seen responsible investment managed funds across the Australian and New Zealand markets exceed $100 billion at the end of September 2021, up almost 40% on the prior year, according to SQM Research.
AUTHOR
Liam Cormican
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
