Russell Australian Responsible Investment ETF

Product Name

Russell Australian Responsible Investment ETF

Issuer

Russell Investments

Category

Investment product

Type

Exchange Traded Fund

Target

Retail, Wholesale

Certified Since

2015

Certification Symbol

Responsible Investment

Asset Classes

Equities - Australian only

Markets

Australia

Investment Approaches

Negative Screening, Other

It Includes

  • Riaa icons 11 More sustainable companies

It Excludes

  • Riaa icons 34 Logging
  • Riaa icons 35 Tobacco
  • Riaa icons 52 Human rights violations
  • Riaa icons 36 Armaments
  • Riaa icons 41 Alcohol
  • Riaa icons 42 Gambling
  • Riaa icons 55 Pornography

Overview

The Russell Australian Responsible Investment ETF (the 'Fund') seeks to track the Russell Australia ESG High Dividend Index ('the Index'), which is weighted towards companies that demonstrate positive environmental, social and governance (ESG) characteristics after negatively screening for companies that have significant involvement in a range of activities deemed inconsistent with widely recognised responsible investment considerations. The Fund invests in Australian shares and trusts listed on the Australian Securities Exchange (ASX), with the aim of providing investors with exposure to an ESG enhanced, responsible investment portfolio.


Description


The Index starts with the members of the Russell Global Australia All Cap Index (a sub-index of the Russell Global Index) as the parent index. Since the Index is constructed for domestic use, foreign ownership limits are not applied.

The first step in constructing the Index is to exclude securities that are not listed on the ASX from the parent index. In addition, companies that are considered by a Responsible Investment Committee to be inconsistent with certain ESG objectives are also excluded from the Index. Such activities may include, but are not limited to, a material involvement in: the manufacture and distribution of tobacco, alcohol, gambling, pornography and armaments; the production or combustion of more carbon-intensive fossil fuels.

Companies which lag industry peers in approaching ESG risk such as involvement in activities causing environmental damage, violation human rights and businesses with questionable third-party transactions, and have a poor record of managing such ESG risk, may also be excluded.

Other products certified by this organisation

Russell Investments Low Carbon Global Shares Fund

Find out more
};