Australian financial services firm Fiducian Group has launched the Diversified Social Aspirations Fund for impact investors.
The company said that each underlying fund within its Manage the Manager system is either a member of, or certified by, the Responsible Investment Association Australasia (RIAA).
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According to Investment Manager Conrad Burge share portfolios comprise investments in companies that aim to be positive for society and for the environment and aim to avoid investments in harmful activities.
"Selected managers are expected to deliver a solid financial performance and therefore competitive returns from their portfolios," he said.
"At the same time, their stock selection process must consider environmental, social, governance or ethical activities of the companies they choose for their portfolios," Burge added.
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