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AMP picks up Asset Super's SRI mandate
Asset Super has completed the restructure of its investment options with the appointment of AMP to manage its Socially Responsible option, replacing Maple Brown Abbot.
The change mandate was confirmed by Asset Super chief executive, John Paul, who said it had followed a recommendation from asset consultant, Mercer.
He said Maple Brown Abbot had been using a positive screen for investments across Australian equities and property, but without any specific screen for other asset classes that formed the balance of the socially responsible investment option.
Paul said that, following comprehensive research by Mercer, it had been decided to invest in a balanced fund that employed a specific socially responsible screen across all the standard asset classes.
It was on this basis that the trustee had appointed AMP Capital’s Responsible Investment Leaders Balanced fund.
AUTHOR
Mike Taylor
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