POWERED BY MOMENTUM MEDIA
VicSuper gives ESG mandate to State Street Global Advisors
VicSuper has given an active global equities environmental, social and corporate governance (ESG) mandate to State Street Global Advisors (SSgA).
The mandate, with about $310 million in assets, will invest in a portfolio of global equities that combines ESG factors alongside a proprietary dynamic alpha model.
The portfolio will not include tobacco products.
"This program is unique in that ESG principles will be integrated into the stock selection process rather than having an overlay, where individual stocks are simply excluded based on their ESG credentials," SSgA director of business development for Australia and New Zealand Peter Mitchell said.
The integration into the stock process is in the hope it will deliver strong risk-adjusted returns over time.
The mandate will also focus on risk management.
SSgA had $US182.6 billion in ESG assets under management as at 30 June this year, invested globally in multiple asset classes.
Recommended for you
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.63 3 y p.a(%)
3
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
5
Plato Global Alpha A
27.76 3 y p.a(%)
