Shares - including low-cost index funds - are popular. But owning fossil fuel company shares directly or indirectly ain't great. Good news: it's fixable.
I've been deep diving this to create my new portfolio. Some options I looked at were ETHI, ESGI, WHEB, NNUK, MCCL, T3MP, NNUK, MEC, INES, MEC, the Australia Ethical ETF & managed fund options, Alphinity Sustainable Share Fund, NorthStar Impact Fund (the last two are not ASX listed). I've landed on ETHI for an international index fund, MCCL for a climate thematic fund, Alphinity for Australian large caps and NorthStar for small to mid cap impact. This isn't the cheapest mix in terms of management fees but ethical strategies and historical returns I feel comfortable with. And I moved to SIX purely for its ethical stance.
Hey Lacey, thanks for posting about this. I have reviewed and i found it very interesting that VGS vs VESG have exactly the same mgt fee (0.18%). Performance over the same period is pretty line ball and VESG actually has slightly more holdings. As you say, we can be more ethical but without any major downside to our overall investment performance.
I was about to buy a large parcel of shares after selling a property and you have really made me stop and think about just buying more of the same (VAS/VGS).
So good to hear, Paul! Sorry it's taken ages to reply, I've been off conferencing at West Tech Fest. But I saved your comment as a screenshot and have been grinning at it all week amid the conference sessions :)
So great to see this focus Lacey! Thank you!
I've been deep diving this to create my new portfolio. Some options I looked at were ETHI, ESGI, WHEB, NNUK, MCCL, T3MP, NNUK, MEC, INES, MEC, the Australia Ethical ETF & managed fund options, Alphinity Sustainable Share Fund, NorthStar Impact Fund (the last two are not ASX listed). I've landed on ETHI for an international index fund, MCCL for a climate thematic fund, Alphinity for Australian large caps and NorthStar for small to mid cap impact. This isn't the cheapest mix in terms of management fees but ethical strategies and historical returns I feel comfortable with. And I moved to SIX purely for its ethical stance.
Holdings pages:
Alphinity https://www.fidante.com/au/ALPH-PH-SSF.pdf
https://www.northstarimpact.com.au/our-funds/our-portfolio-companies/
https://www.munropartners.com/wp-content/uploads/Portfolio-holdings-MCCL-MCCL.pdf
I saw the photo of yourself and Donna at the event. Hope it was fun.
Look forward to catching up with you at TribeFI in Perth.
Hey Lacey, thanks for posting about this. I have reviewed and i found it very interesting that VGS vs VESG have exactly the same mgt fee (0.18%). Performance over the same period is pretty line ball and VESG actually has slightly more holdings. As you say, we can be more ethical but without any major downside to our overall investment performance.
I was about to buy a large parcel of shares after selling a property and you have really made me stop and think about just buying more of the same (VAS/VGS).
So good to hear, Paul! Sorry it's taken ages to reply, I've been off conferencing at West Tech Fest. But I saved your comment as a screenshot and have been grinning at it all week amid the conference sessions :)