On Friday, the fund launched one of Australia’s first 100 per cent ethical multi-asset high growth funds with an opening balance of $250 million.
The new fund, open to retail, wholesale and institutional investors, will “allow everyday Australians to access illiquid assets… with up to 20 per cent of the strategic asset allocation providing exposure to alternative assets like private equity, venture capital and infrastructure”.
“We’re excited to be offering a 100 per cent ethical multi-asset high growth fund, giving everyday Australians the chance to put their money towards some world-changing industries,” Australian Ethical chief executive and managing director John McMurdo said.
“The launch of this fund builds on our visionary roots and pushes the envelope of ethical investing in Australia by connecting everyday investors with transformational projects.”
The fund’s management fee will reduce to 0.99 per cent for super, and 0.90 per cent for the managed fund, while the recommended minimum investment time frame will increase from seven to 10 years.
“This high growth, multi-asset fund allows us to invest in some of tomorrow’s most innovative initiatives, and complements our enviable track record of delivering competitive returns through investing ethically in other asset classes,” Australian Ethical’s head of asset allocation, John Woods, added.
“The most recent IPCC report made clear that decarbonising the global economy at the rate required will take a massive structural reallocation of capital to a net-zero economy combined with tremendous advances in technology.
“This fund enables our customers to address both by investing significantly less carbon-intensive assets while also using their money to unleash the potential of some of tomorrow’s most innovative initiatives.”
