Micro-investing app Acorns has introduced a new sustainable investment portfolio, dubbed Emerald Portfolio, which meets environmental, social and corporate governance standards.
Unlike existing portfolio offered by the company, the new offering is fully diversified across asset classes and geographical regions, including Australian equities, international equities, bonds and cash.
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The company said that Emerald Portfolio has a risk-return profile similar to its Moderately Aggressive portfolio and will aim to achieve similar returns.
Acorns Australia CEO and managing director George Lucas said: “Since launching Acorns in Australia more than a year ago, one of the greatest frustrations we increasingly hear from our customers is the challenge of knowing where their money is being invested.”
“Acorns is a product designed with the consumer in mind; whether it’s helping them invest in markets, improve financial literacy or find money to invest. The Emerald Portfolio furthers this goal by providing users with an engaging option that empowers them to invest according to their values.
“The Emerald Portfolio allows them to participate in the financial markets with an option to align their investments more closely to their values,” Lucas added.
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By GlobalData
