Sustainable funds lead pack as COVID-19 pandemic rolls on

6/05/2020 12:00:00 AM

Sustainable funds lead pack as COVID-19 pandemic rolls on | @CharlotteGriev1

Sustainable funds lead pack as COVID-19 pandemic rolls on | CharlotteGriev1

As the coronavirus crisis wreaks havoc on financial markets, sustainable investors with a focus on health and technology are seeing solid returns.

Larger text size Very large text size There is a myth in financial markets that ethical investing comes with a feel-good premium.3AW today, Cedar Meats general manager Tony Kairouz said all of the workers at the west Melbourne facility are self-quarantining.Victoria records 22 new COVID-19 cases 04/05/2020 | 7min Victoria has experienced its largest jump in COVID-19 cases in two weeks with 22 people testing positive to the disease from 13,000 tests.Source:Supplied Just days after term 2 began, Warragamba Public School will be “non-operational for on-site learning” on Monday, with all students undertaking at home learning.

When you opt to go green, you miss out on some fat dividends and steady returns from tried-and-tested stocks that fall outside the investment philosophy, such as fossil-fuel mining and exploration.However, with the coronavirus pandemic smashing markets and starving global demand for oil, sustainable funds have risen to the top of the pack compared with their more mainstream rivals.“All meat processed at out facilities is processed in accordance with Australian standards for food safety and our customers can be confident that the meat processed at our facilities is safe to eat.Sustainable fund options are thriving during the pandemic volatility.Just under 56,000 tests have been conducted since the state government announced its testing blitz.Credit: Data prepared for Money by fund researcher Rainmaker show Environmental, Social and Governance (ESG) funds have returned on average 1 per cent more than general balanced or growth fund options in the quarter ended March 30.“The premises allows us to slaughter, bone, pack and chill/freeze and transport 10,000 units a day,” it says.Over the 12-month period, four of the top-five balanced personal options were ESG funds, as were four of the top-five retirement balanced options.Four new COVID-19 cases were reported in NSW on Sunday of which two are staff members at the aged care home in western Sydney.

Advertisement Australian Ethical was just one of three MySuper products to deliver positive 12-month returns, while emerging player Future Super topped the charts.In April, Sheep Central reported the business sent 35 tonnes of mutton to Wuhan in China where the coronavirus outbreak began in 2019."Anyone who claims going ESG will cost you returns is a dinosaur," says Rainmaker director of research Alex Dunnin."The evidence simply just doesn't support that conclusion.Chief medical officer Professor Brett Sutton." Anyone who claims going ESG will cost you returns is a dinosaur.The evidence simply just doesn’t support that conclusion.“If the meatworks wants to name itself to be clear that it doesn’t involve other places, then they’re free to do so,” Prof Sutton said, to which one journalist replied “it has”.Anglicare announced on Sunday the Family Support Program, which will involve a scheduled daily call from a registered nurse to a resident’s dedicated contact.

Rainmaker director of research Alex Dunnin Australian Ethical has been beating the same drum sine 1986 and its recent performance has been driven by an over-exposure to health and technology stocks.The fund remains in the black, despite the biggest economic meltdown since the Depression.“Naming it is not part of what’s required for us to do our work, so we follow up, and if community members need to be told, because they’re part of the public health follow-up, we’ll do so."This style of investing holds up in even the most extreme environments," says the fund's chief executive John McMurdo.He says members have been signing up to Australian Ethical at unprecedented rates – over 1000 per month – since the summer bushfires and the trend is showing no signs of slowing.“It’s not a risk to the general community and it is not going to get out of control,” he said."The pandemic is indicative of a world that has some vulnerability to it," he says.NSW now has 3035 COVID-19 cases with 14 people in intensive care including 11 who require ventilators.

"There's an awakeness of Australians generally that we need to be thinking longer term.” Cedar Meats closed on Friday and is being thoroughly cleaned." Most major super funds also offer sustainable options, but a lack of transparency and underlying investments in the fossil fuel industry has cast doubt over the legitimacy of these funds.Nonetheless, the MySuper ESG funds have outperformed balanced alternatives in recent months.We've seen from the US extremely large outbreaks at meatworks,” Prof Sutton said today.The sustainable option for $85 billion Unisuper screens out coal miners and oil and gas explorers.Its three largest international equities holdings are telco provider Chorus and technology giants Microsoft and Alphabet.“But the plan to test across those staff was appropriate and as soon as that cluster was identified, they've been moving to have the non-essential workers, and move to a shutdown at the earliest possible time.

In March, Unisuper's balanced option dropped 10.36 per cent and the sustainable option fell by 9.” He said the phased shutdown was due to a minimum amount of staff needed onsite “to ensure animal welfare was looked after”.23 per cent.Through April, as coronavirus cases dropped and stocks began to rally, the sustainable option regained its losses faster and stronger.Picture: Michael Dodge/AAP Source:AAP Ms Mikakos said all staff were being tested and the health department was tracing the contacts of every confirmed case.It is a similar tale at the country's largest super fund, AustralianSuper, where its "socially aware" option consistently outperformed the default option through March and April.

Bang for buck? However, fees for ethical investing can be higher."Therefore, there should be no broader concerns to the broader community in relation to this particular facility.They require active portfolio management, deep research and long-term engagement with management.Incremental fee increases can have long-term impacts on your super balance at retirement.Australian Meat Industry Council chief executive officer Patrick Hutchinson confirmed to that the facility was a “mixed species plant” but also declined to name it.The Productivity Commission's 2019 report into super found just a 0.5 per cent increase in fees can cost a full-time worker about 12 per cent of their balance – or $100,000 – by the time they retire.On the weekend, Livestock and Rural Transport Association of Victoria president John Beer said there were concerns in the industry over the “secrecy” surrounding the virus cluster at the meatworks.

Loading AustralianSuper's socially aware fund charges 0.74 per cent in total fees, compared to 0.“I know we’re not going to be told everything but we should get told some of that stuff shouldn’t we?” ‘VICTORIAN MEAT IS SAFE TO EAT’ Ms Mikakos said the health department is working closely with Agriculture Victoria and PrimeSafe, the state's food safety regulator for meat and seafood, "on issues related to the processing of animals".6 per cent for its balanced option.Australian Ethical's fees are competitive but not cheap, Mr McMurdo says.It said it is assisting the DHHS "to determine that food safety regulatory requirements have been met by the facility, and to understand supply chain connections to assist with staff tracing".It charges 1.

08 per cent for its balanced option."Based on this information, consumers can have confidence that meat processed at the facility is safe to eat.Future Super charges 0.98 per cent plus $93." POLITICAL DONATION The Australian reports the owners of the abattoir have previously made a donation of $15,000 to the state Labor Party.60 annually.Unisuper is an outlier here, with its sustainable fund charging less – 0.” “You’d need to have a conversation with the State Secretary of the Labor Party about who is or isn’t a donor,” he said.

37 per cent, compared to 0.55 per cent for its balanced option.” He said the naming of any business impacted by COVID-19 was decided by the Department of Health and Human Services.There is a push for more ethical screens to be applied to mainstream super funds but that still appears a long way off.In the meantime, exploring your fund's sustainable options seems both a responsible and prudent decision.Picture: James Ross/AAP Source:AAP Mr Andrews was asked if Consumer Affairs Minister Marlene Kairouz was related in any way to the owners of the facility, who share her surname..

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CharlotteGriev1 CharlotteGriev1 excellent piece in FairfaxMoney today about ESG. There are some great strategies out there, but with all new themes, it is a complex area, and it pays to look beyond the label. Ping theo_troy Hugh_Robertson1 harrisonjworley AleksVicko. CharlotteGriev1 As always.

Melbourne meatworks named after COVID-19 outbreakThere are now 34 cases of COVID-19 linked to a meat processing facility in Melbourne which deals with thousands of products each day. How is it handled extremely well!? There's been 34 cases there! If they closed on the first case there wouldn't be this massive problem. Big surprise— meat industry involved in an outbreak 🙄 The vegans were right 🤪

Victoria records 22 new COVID-19 cases | Sky News AustraliaVictoria has experienced its largest jump in COVID-19 cases in two weeks with 22 people testing positive to the disease from 13,000 tests. \n\nThe figure included 19 cases in workers at an abattoir and brings the state’s total number of cases to 1406. \n\nPremier Daniel Andrews thanked the 13,000 Victorians who came forward for testing on Sunday. \n\nJust under 56,000 tests have been conducted since the state government announced its testing blitz. Leftards want to stay home longer Lock down working well then It’s remarkable what happens when you expend the scope of who your testing... Other states should take note.

Sydney school shuts after student tests positive for COVID-19A Sydney school has closed for intensive cleaning and contact tracing after a student tested positive to the coronavirus. And DanielAndrewsMP gets shit for not sending all the kids back to school... oh and while we on it, the beaches are packed in Queensland because of reduced iso... causing problems for police, mean while Victoria are doing pretty good with no changes to iso! But schools are safe .... right ScottMorrisonMP ? 🙄🙄🙄 Oh, I thought kids don’t get the virus? And they also don’t spread it. So why the need for intensive clean up?

NSW Transport Minister Andrew Constance dials back criticism of Transurban amid COVID-19 crisisNSW Transport Minister has wound back criticism of Transurban for increasing their prices, saying he doesn't want to go to war with the tolling giant | rabe9 Rabe9 Bro, aren't you retiring from politics Rabe9 Scared of upsetting the donors and their mates. Grow some apples!!! Rabe9 Transurban are the worst corporate citizens we have in Australia. Just a rapacious disgusting company

'Safe to eat': Dozens of COVID-19 cases linked to Cedar Meats in Melbourne's westDozens of new COVID-19 cases have been linked to Cedar Meats, an abattoir in Melbourne’s west. The business says workers are self-quarantining and its meat is safe to eat. There seems to be have been clusters in other meat works as well, is that because they are similar to wet markets? Perhaps we should close all abattoirs. auspol COVID19au strange isn't it. safe to eat. and yet the Ruby Princess debacle has been put down to someone in the food preparation area having the to eat!!!!!! slackbastard Should defs shut down slaughterhouses if covid-9 keeps spreading in 'em.

COVID-19 could to be lurking within community for 'up to' two years | Sky News AustraliaA leading professor of microbiology has warned Australians are going to have to be on their guard for the foreseeable future since COVID-19 will be lurking within the community for at least 'the next six months to two years.'\n\nInfectious Diseases Physician Professor Peter Collignon told Sky News said the key to keeping COVID-19 manageable is stopping 'droplet transmission.'\n\n'This is mainly spread by droplets, people who have got mild infections, coughing or sneezing, touching their hands and contaminating surfaces,' he said.\n\n'We are going to have to work out how we stop what we stop droplet transmission and that is actually washing our hands, keeping 1.5 metres away from each other as much as possible.\n\n'By doing that we are really decreasing the risk so it is very low.'\n\nAustralia has been extremely successful at flattening the rate of infection, with only 18 confirmed cases of COVID-19 across the nation on Sunday the 3rd of May.\n\nThere are now only 878 active cases across Australia.\n\nHe said while there will likely be a second wave of transmission in winter, Professor Collignon said it will likely be a 'ripple instead of a tsunami.'\n\n'It is likely in winter we will see more cases than we see now,' he said.\n\n'We know what we have to do to stop this spreading, and so if we get a second wave, if we keep on doing what we are doing, we can make it a little ripple and not a tsunami.\n\n'While we will have clusters, and we will have some spread, we will be able to keep it under control and not be anything like we are seeing on television.\n\n'We will be much closer to Korea than we will be to New York.'\n\n\n CollignonPeter I reckon everyone is so well aware as there are experts popping up everywhere 24/7 telling us. CollignonPeter bullshit CollignonPeter How long will China be lurking for?