Fund Product Update

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Vanguard launches positive impact fund

The Vanguard Active Positive Impact Fund has been launched, with the goal of the fund’s investments to have a positive impact on global environmental and social challenges. Companies will be driving solutions to global issues in this concentrated fund of high-quality growth companies. The portfolio is managed by Baillie Gifford, with 25-50 global companies looking to long-term outperformance.

AMP launches MyNorth Lifetime

A new suite of products is now available through the North platform with MyNorth Lifetime, offering account-based pensions with the cashflow features of annuities. The suite is unique amongst its peers, providing an income for life and providing solutions for pre-retirees, retirees and those transitioning to retirement.

There are several options, including:

  • MyNorth Lifetime Income

  • MyNorth Lifetime Super

  • MyNorth Deferred Lifetime Income

The account fee is $91 annually with a 0.1 per cent annual fee that is included with caps of $2,400 for individuals and $3,300 for families. Administration fees are standard MyNorth Super and Pension rates.

Hejaz launches impact ETFs

Hejaz has launched two Sharia-compliant funds on the ASX, the Hejaz Equities Fund and the Hejaz Property Fund, both designed to effect positive change and build wealth. The equities fund is a growth fund with a diversified portfolio of Sharia-compliant investments, primarily in developed markets, mostly Europe, North America, Australia and some Asian markets. The Hejaz Property Fund invests in globally listed REITs.

BetaShares launches energy transition metals ETF

BetaShares has launched the BetaShares Energy Transition Metals ETF (XMET) on the ASX, offering exposure to specific metals involved in the energy transition, such as copper, lithium, cobalt, graphite, manganese, silver and rare earth metals. The companies could be those in the discovery, processing or recycling of these metals. Companies involved in oi or gas production, and thermal coal extraction, are excluded.

First Sentier Investors launches small cap long short fund

A new fund has been launched at First Sentier Investors, the First Sentier Australian Small Companies Long Short Opportunities Fund, which seeks to provide absolute returns through all investment cycles. The fund is available to wholesale and retail investors.