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.
AUTHOR
Laura Dew
Recommended for you
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
Several wealth management companies have been selected as finalists at the inaugural awards, which champions those who have transformed the Australian economy with their AI solutions.
Money Management’s sister brand Super Review is pleased to reveal that over 120 finalists will compete for trophies at this year’s awards.
