A global manager has partnered with the Responsible Investment Association of Australia to launch a guide to responsible investing for financial advisers as demand for the strategies swells.
AXA Investment Management worked with Responsible Investment Association Australasia (RIAA) to create the 22-page guide that aims to decode the sector.
The guide lays out the size of Australia’s responsible investing industry, market share of various types of responsible investing, strategies and consumer expectations of responsible managers.
The last section offers a quick guide for advisers to incorporate responsible and ethical investment advice in their practice and a list of resources.
RIAA chief executive Simon O’Connor said: “The guide sets out to demystify responsible investing, unscrambling all the jargon, to help advisers move up the learning curve fast so that they can have meaningful conversations with clients on the topic.”AXA IM and RIAA representative are organising seminars in four cities this week to engage with advisers.
RIAA says Australia’s responsible investment industry had $866 million in 2017, a growth of 22% over the previous year.
AXA IM has $1.2 trillion in assets under management globally and is one of RIAA’s 200 Australian members.
One of its funds is RIAA certified. The AXA IM sustainable equity fund is a wholesale trust that long positions in developed and EM stocks, screening out tobacco and armaments.
The $74 million fund has returned 14.78% net of fee since August 2014 inception as compared to MSCI AC world index ex Australia (gross dividends reinvested) which returned 13.45% in the same time.