Funds target ethical investors
If you want a low-cost ethical investment in international shares or bonds, there are two new diversified ETFs from Vanguard.
Vanguard Ethically Conscious International Shares (ASX: VESG) invests in over 1600 securities listed in major developed countries, at a low management expense ratio of 0.18%pa. The Vanguard Ethically Conscious Global Aggregate Bond ETF (VEFI) provides exposure to over 18,000 fixed-income securities in major developed and emerging countries for 0.26%pa.
“We have been offering screened ESG products internationally for almost 20 years and are excited to be able to provide more choice for Australian investors while leveraging our global scale and investment management expertise,” says Evan Reedman, Vanguard Australia’s head of product and marketing.
The shares index fund tracks the FTSE Developed ex Australia ex Non-Renewable Energy/Vice Products/Weapons Index, while the bond index fund tracks the Bloomberg Barclays MSCI Global Aggregate ex SRI Exclusions Index hedged to the $A.