POWERED BY MOMENTUM MEDIA
NGS invests in green fund
NGS Super has invested in AllianceBernstein’s green strategy fund to reduce the carbon intensity and risk of its portfolio.
The superannuation fund said it invested about $170 million into the AB Managed Volatility Equities – Green Strategy’s (Green MVE) to achieve a positive impact on climate change while delivering attractive investment returns.
NGS Super chief executive, Laura Wright, said: “We’re committed to sustainable long-term investment options that work to give our members the best retirement outcomes and this strategy speaks directly to that goal.
“Our investment in Green MVE is a way for us to reduce the carbon intensity and risk of our portfolio without impacting the expected returns of our members.
“Overall, we believe considering a cost of carbon in the investment process helps reduce the risks associated with climate change and supports in the broader transition to a low carbon economy.”
Wright noted that AllianceBerstein was directly engaging with companies to drive innovative change to better climate outcomes and to provide a deeper analysis of climate related risks.
AllianceBernstein’s chief investment officer for Australian equities, Roy Maslen, said the fund was a way for investors to invest in a more responsible way without risking their ability to gain returns.
“We want to shift the perception and show investors that they can still achieve significant investment performance while working to lower the carbon footprint in their portfolios,” he said.
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.73 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
30.15 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.71 3 y p.a(%)
