Super fund adds ethical index


Christian Super has announced that as the first superannuation fund in Australia it will offer an ethically-screened index shares investment option.
The new index, the Ethical Index Shares, would comprise of 50 per cent Australian shares and 50 per cent international shares, with an annual investment fee of 0.30 per cent and indirect cost ratio of 0.08 per cent.
Also, Christian Super announced the launch of its new Ethical Growth Plus investment option, with an 84 per cent allocation to growth assets, with an investment objective of 3.5 per cent above inflation over a 10-year period.
Additionally, 12 per cent of the assets in this option would be allocated to impact investments.
“This new investment option provides low-fee equity exposure while continuing to incorporate our signature ethical screens,” Christian Super’s chief executive, Ross Piper, said.
“We’re really pleased that we’ve been able to respond top feedback from financial advisers who have values-aligned clients looking for this kind of option from their superannuation fund.”
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.