POWERED BY MOMENTUM MEDIA
AustralianSuper adds new governance position
AustralianSuper has signalled its intention to increase its focus on environmental, social and governance (ESG) issues, with the creation of the new role of governance manager within the investment team.
Former Goldman Sachs head of ESG research, Andrew Gray, has been recruited to the position and will start in July.
Chief investment officer Mark Delaney said the new role would enable the fund to be more pro-active in identifying and addressing critical governance issues that may impact the value of investments.
“As a long-term investor, AustralianSuper has a responsibility to assess and manage all foreseeable risk factors effectively, and ESG is considered as an investment-related risk,” Delaney said.
“We believe that companies which employ good governance practices and actively consider environmental and social issues will ultimately provide better value than companies that do not.”
AUTHOR
Ashleigh McIntyre
Recommended for you
Superannuation funds have posted another year of strong returns, but this time, the gains weren’t powered solely by Silicon Valley.
Australia’s $4.1 trillion superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding thousands to workers’ pay packets, according to new analysis from the Association of Superannuation Funds of Australia (ASFA).
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
