13 more ESG options have been added to the investment platform’s menu.
North has reported that is assets under management (AUM) for its ESG options has grown 6.5 times faster than non-ESG investments over the last calendar year.
North’s ESG investment range increased to almost $600 million over the last 12 months to 31 December 2021.
AMP director of platforms Edwina Maloney said the results highlight the continuing demand for ESG investment options.
“Whether it’s carbon emissions, community engagement or working conditions, there is ever increasing demand for investments which take into account ESG factors and allow for the alignment of investing with values,” Ms Maloney said.
“Advisers and clients can be assured that every investment we add to the North menu is carefully screened for quality by our research team, providing clients with confidence that they have access to the industry’s leading investment managers.”
Amongst the 13 new additions to the North menu includes funds from Vaneck, BetaShares, Janus Henderson and First Sentier.
In 2021, over 140 investment options were added to North’s investment menu, including a number of ESG-focused and innovation-based options.
The news comes after a report from State Street Global Advisors (SSGA) and Investment Trends found that a record number of financial advisers are using managed accounts.
The research showed that over half (53 per cent) of advisers are using managed accounts; a significant increase from 16 per cent a decade ago.
60 per cent of advisers are now also recommending managed accounts to their clients, up from 44 per cent last year and 33 per cent pre-COVID (2019).
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.
The legacy of the royal commission continues to haunt Australia’s financial services sector, which now faces an “uphill ...
While the recent determination regarding the tax deductibility of advice fees can be considered a win, a financial ...
Much of the current managed investment scheme regime remains fit for purpose, according to the FSC, but the wholesale ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin