8IP opens impact investing fund to retail investors

8IP australian equities ASX

14 March 2018
| By Staff |
image
image
expand image

Eight Investment Partners (8IP) has opened its first Australian equities impact investing fund, that invests in ASX-listed companies that show positive social or environmental measurable impact, to retail investors.

The companies included in the portfolio had to prove “impact” track record, the company said.

In February, the portfolio invested in 29 public companies and each investment was cross-referenced to the UN Sustainable Development Goals.

The fund was previously only available to sophisticated investors where it generated a post-fee cumulative return of 23.6 per cent compared to the cumulative return from the All Ordinaries Accumulation Index of 13.2 per cent over 13 months since its inception in January, 2017.

Additionally, 8IP said it aimed to look across the market in search for the companies, rather than focusing on weighting stocks to a benchmark index.

8IP’s chief investment officer, Kerry Series said: “We increasingly felt that there were sufficient listed companies to create an impact investing fund and so we needed the 8IP Australian Equity Impact Fund in January 2017.”

“My belief is that impact investing can produce attractive returns for investors as many of the underlying problems addressed by these companies are long-term megatrends,” he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

3 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 8 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

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 ...

3 days 6 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 9 hours ago