Fiducian launches SRI product
Vertically-integrated financial services house, Fiducian Group Ltd has launched a new product to the market - the Diversified Social Aspirations Fund.
The fund, launched on Monday, is being targeted at impact investors.
According to Fiducian, the fund invests in a blend of underlying funds and mandates that are either members of, or are certified by, the Responsible Investment Association Australasia (RIAA).
Fiducian investment manager, Conrad Burge said the share portfolios investments in companies that aimed to be positive for society and for the environment and aimed to avoid investments in harmful activities.
"Selected managers are expected to deliver a solid financial performance and therefore competitive returns from their portfolios," he said. "At the same time, their stock selection process must consider environmental, social, governance or ethical activities of the companies they choose for their portfolios."
Investments in the new product can be made through the Fiducian Superannuation Service or the Fiducian Investment Service.
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