Fund Product Update

SG Hiscock launches medical fund

The SGH Medical Technology Fund has been launched by SG Hiscock to invest in a mixture of established and new medical technology companies for retail and institutional investors. The fund is to invest in 40-60 listed or unlisted stocks in Australia and New Zealand. The fund has a social impact focus with innovation playing a key role.

The fund will be run by the SGH Emerging Companies Team, with the creation of the SGH Medical Technology Advisory Board comprising industry experts to guide the fund. A charitable foundation will also be set up with 10 per cent of net revenue from the fund, including performance fees.

iShares launches ESG Leaders ETF

A new exchange-traded fund (ETF) launched by iShares invests in large, mid and small-cap Australian companies that stand out in their sustainability credentials, the iShares Core MSCI Australia ESG Leaders ETF.

The fund will track the MSCI Australia IMI Custom ESG Leaders Index and avoids controversial companies and those that have an adverse impact on climate change/the environment. The management fee is 0.09 per cent with quarterly distributions.

Wells Fargo launches climate credit strategy

Wells Fargo Asset Management (WFAM) has launched a climate credit strategy, the Climate Transition Global Investment Grade Credit, available to Australian investors. The fixed income team at WFAM will manage the strategy.