Vanguard launches global ESG fund


Vanguard Australia has expanded its environmental, social and governance (ESG) fund range with the launch of the Vanguard Active Positive Impact fund.
The global equity fund, which would be managed by Baillie Gifford, would seek to have a measurable impact on global environment and social challenges.
This would be achieved by a portfolio of 25 to 50 global companies which were seeking long-term outperformance and positive impact in areas such as social inclusion, education, healthcare, quality of life and environment.
This launch brought Vanguard’s ESG range to include three ETFs and five managed funds.
Evan Reedman, head of product at Vanguard Australia, said: “We are thoughtfully broadening our ESG line-up with solutions that enable investors to align investment objectives with personal preferences and ESG considerations.
“Australian investors are increasingly weighing ESG factors alongside more traditional considerations such as risk and return. This fund allows investors to target positive impact alongside financial outperformance.”
It would be available on the Vanguard Personal Investor platform with a management fee of 0.79% and be listed on third-party platforms in due course.
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.