Product Name |
Australian Ethical Income Fund |
Issuer |
Australian Ethical Investment |
Category |
Investment product |
Type |
Fund/Trust |
Target |
Retail, Wholesale |
Certified Since |
2006 |
Certification Symbol |
Ethical |
Asset Classes |
Fixed income & cash |
Markets |
Australia, New Zealand |
Investment Approaches |
Negative Screening, Positive Screening, Engagement |
It Includes: |
|
It has some level of screening for: |
|
More sustainable companies
Social impact investments
Renewable energy
Green property
Healthcare & medical products
Sustainable transport
Education
Social & community infrastructure
Sustainable water
Sustainable land management & agriculture
No specific inclusions
Fossil fuels
Logging
Tobacco
Nuclear energy (including uranium)
Human rights abuses
Labour rights violations
Animal cruelty
Armaments
Alcohol
Gambling
Pornography
No specific exclusionsOverview
A diversified portfolio of interest-bearing investments generating income. The Fund is invested in short-dated deposits, high grade mortgage-backed securities, State and Commonwealth Government Bonds, and bank and other corporate bonds. As such, the returns of the Fund tend to move in line with the general level of interest rates.
Description
Australian Ethical believe the more money doing good for the planet, the better. Since 1986 we have been influenced by the 23 principles of the Australian Ethical Charter to invest in ethical and responsible initiatives that have a positive impact on the planet, people and animals while achieving competitive long-term returns. We avoid investments in corporations that engage in harmful practices such as coal, oil, weapons, tobacco, gambling and human rights abuses. The Charter not only influences our investment choices, but underpins every aspect of our business practices.
We seek out investments which provide for and support:
- the development of workers’ participation in the ownership and control of their work organisations and places;
- the production of high quality and properly presented products and services;
- the development of locally based ventures; the development of appropriate technological systems;
- the amelioration of wasteful or polluting practices; the development of sustainable land use and food production;
- the preservation of endangered eco-systems; activities which contribute to human happiness, dignity and education;
- the dignity and wellbeing of non-human animals;
- the efficient use of human waste;
- the alleviation of poverty in all its forms; and
- the development and preservation of appropriate human buildings and landscape.
We avoid investments that are considered to unnecessarily:
- pollute land, air or water destroy or waste non-recurring resources;
- extract, create, produce, manufacture, or market materials, products, goods or services which have a harmful effect on humans, non-human animals or the environment;
- market, promote or advertise, products or services in a misleading or deceitful manner;
- create markets by the promotion or advertising of unwanted products or services;
- acquire land or commodities primarily for the purpose of speculative gain;
- create, encourage or perpetuate militarism or engage in the manufacture of armaments; entice people into financial over-commitment;
- exploit people through the payment of low wages or the provision of poor working conditions;
- discriminate by way of race, religion or sex in employment, marketing, or advertising practices; and
- contribute to the inhibition of human rights generally.