Recently merged WA Super has relaunched its Sustainable Future investment option as an impact investment fund, claiming it is the “first of its kind” in Australia.
WA Super, which has $3.2 billion in funds under management, has launched an impact investing option following its recent merger with industry fund Concept One.
The new investment option is a rebranded version of the fund’s existing Sustainable Future option, formed in response to feedback from member and employers, according to the fund’s chief executive, Fabian Ross.
“While our previous Sustainable Future option did have some responsible investing practices,” Mr Ross said, “we believe it is important to offer our members the chance to invest in an option that seeks to promote meaningful change through impact investing.
“The aim of the Sustainable Future investment option is to generate attractive financial returns through investing in a diversified portfolio of high-potential, publicly traded companies whose products and services are geared towards solving the world’s biggest social and environmental problems.”
WA Super members will also have access to information that measures the social or environmental impact of the companies they are invested in, Mr Ross added.
The CEO said: “At WA Super, we may be a local company, but we want to think globally. And while WA Super members can now access this new and exciting investment option, anybody in Australia can join WA Super and take advantage of this unique opportunity.
“WA Super members can now access this new and exciting investment option. Anybody in Australia can join WA Super and take advantage of this unique opportunity.”
A new study has found many individuals who accessed their superannuation under the early access scheme did not understand the long-term impa...