Christian Super has awarded Robeco a $100 million mandate for its Enhanced Indexing Equities strategy, citing the asset manager’s environmental, social and governance (ESG) investment experience as a key factor in its decision.
“Christian Super is delighted to be partnering with Robeco as we continue to deepen the integration of ESG factors across our investment portfolio,” the super fund’s chief executive, Ross Piper, said. “Our organisations share a deep commitment to responsible investment, and a long track record of integrating sustainability factors into the way we invest.”
The strategy offered an alternative to passive investing for investors looking for stable outperformance after costs with a low tracking error, as well as integrating ESG criteria.
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.