Australian Ethical wins $128m mandate

Australian Ethical wins $128m mandate

The Australian Catholic Superannuation and Retirement Fund has made a $128 million investment into Australian Ethical’s balanced fund.


Commenting on the appointment, Australian Ethical managing director Phil Vernon described Australian Catholic Super's $128 million investment as a "significant inflow".

"Increasingly, institutional investors are coming to understand that responsible investment should be a key part of their strategy," Mr Vernon said.

"This is a rapidly growing sector because clients are increasingly demanding that their investments align with their values, so it makes good business sense to offer quality responsible investment choices."

Australian Catholic Super chief executive Greg Cantor said many of his fund's members wanted to take a "strong stance" when it comes to responsible investing.

"We chose to appoint Australian Ethical to manage our responsible investment option as they are the clear leaders in this area, with a strong team and performance record," Mr Cantor said.

Related Articles

 

Australian Ethical wins $128m mandate
The Australian Catholic Superannuation & Retirement Fund, Australian Catholic Super, Australian Ethical, Phil Vernon, Greg Cantor
ID logo
promoted stories

Appointments

Tony Sacre

Sydney Stock Exchange CEO heads to Bentleys

Reporter

David Cumming

Aviva Investors poaches Standard Life execs

Reporter

Dan Annan

BetaShares hires institutional business director

Reporter

Analysis

investordaily image

CBA’s tactical retreat from wealth

Tim Stewart

Edmund Goh

Onshore China bonds – why own them?  

Edmund Goh

investordaily image

The SDGs: an ethical compass for investors

Carly Hammond