POWERED BY MOMENTUM MEDIA
Sunsuper awards green bond mandate
Sunsuper has awarded a $150 million green bond mandate to London-based impact fixed income manager, Affirmative Investment Management (AIM).
In an announcement, the two said the mandate aimed to deliver a mainstream financial return while providing financing to generate positive environmental and social impact projects.
Sunsuper chief investment officer, Ian Patrick, said: “We believe environmental social and governance (ESG) [risk] integration is consistent with better investment outcomes, and has the ancillary benefit of contributing to a better future for our members.
“As an organisation, we have long considered the science behind climate change as settled. We recognise that from an investment perspective, a just transition to a low-carbon global economy presents both risks and opportunities,” he said.
AIM managing partner, Stephen Fitzgerald, said a pure play focus to investing, founded on deep analysis and engagement could be beneficial to both investors, in terms of financial returns, and to the broader society, in terms of environmental and social outcomes.
“We are really excited to be working with the fund to manage an active global fixed income portfolio, benchmarked against Bloomberg Barclays Global Aggregate, hedged into Australian dollars,” Fitzgerald said.
Recommended for you
Where the RBA goes next is anyone’s guess, with economists and market pundits offering wildly different takes on the governor’s tone during the press conference and whether politics played a role in the decision.
As global pension assets hit record highs, Australia’s growth in the sector positions it to potentially overtake other nations in coming years.
CBA forecasts an 80 per cent chance of a 25 basis point rate cut next week, citing softer inflation data, while acknowledging that future policy decisions depend on incoming economic indicators.
APRA has announced further action to address concerns identified with the trustee of Cbus, while also revealing an investigation is underway into the possibility the fund breached the SIS Act.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
