Aust Ethical receives top ESG ranking

Australian Ethical has emerged as the only Australian fund manager to be named by research and ratings house, Morningstar, as an ESG leader.

Releasing its ESG Commitment Level research, Morningstar said it represented a qualitative assessment aimed at helping investors identify asset managers dedicated to delivering sustainability outcomes.

Australian Ethical was one of just eight managers to earn a Morningstar ESG Commitment Level of “Leader”, while 21 other funds earned the second-ranked “Advanced” acknowledgement.

In the “Advanced” category just two fund managers were named by Morningstar – Altius and Melior, while in the third ranked category, Basic, nine Australian fund managers were named – AMP Capital, Ausbil, Betashares, Dexus, DNR Capital, First Sentier, Nanuk, Pendal and Perpetual were named.

In the fourth-ranked “Low” category, Morningstar named Allan Gray Australia, Antipodes Partners, Bennelong, Colonial First State, GQG Partners, Hyperion, Investors Mutual, Jamieson Coote Bonds, Magellan Group, and Magellan.