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.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
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