The portfolio included funds from firms such as Janus Henderson, Australian Ethical, Pengana and State Street. Overall, there were 21 funds in the portfolio from 18 managers and this would be reviewed monthly.
Angela Ashton, chief executive of Evergreen, said: “Given the lack of a consistent framework for responsible investing and limited access to accurate data, Evergreen took on the task of developing its own index and has used it as the basis for the model.
“As investors across the board become increasingly conscious of the impact companies are having on the environment and society and take an active role in ESG considerations, we will continue to offer innovative solutions for long-term investors who care about their capital being invested wisely, as well as doing good for themselves and future generations.”
The ratings house also had a positive view on Australian private debt as an asset class, saying more domestic borrowers were now seeking funds from outside traditional banking sources.
“The market dynamics are supportive of attractive risk-adjusted loan pricing which presents an opportunity for a capital provider to earn excess returns,” chief executive Angela Ashton said.
“We do not believe the fundamentals of this market in Australia will deteriorate over the foreseeable future.”
Rob Hamer, portfolio manager at boutique firm Wentworth Williamson, said the fund was designed to provide risk-adjusted stable returns in the form of a monthly payment.
“Our value proposition focuses on specialised non-bank lenders and other opportunities where the provider has a right to win and where our clients are afforded strong first loss protection,” he said.
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Clearview s Justin McLaughlin, Paul Saliba from AMP, Shaw & Partners Martin Crabb and Evergreen Consultants Angela Ashton at the IMAP Portfolio Management Conference in Sydney
Investment executives from some of the country’s largest advice groups have agreed that the optimal amount of funds under management for a viable and profitable managed accounts program at that level starts at $1 billion.
Speaking on a live panel at the IMAP Portfolio Conference in Darling Harbour, Clearview CIO Justin McLaughlin and Shaw & Partners CIO Martin Crabb were joined by AMP senior manager of listed securities Paul Saliba to discuss the challenges of building managed accounts for larger advice businesses.
The only advice model that works for advisers now and in the future is an active advice model, where advisers are more engaged and embedded into the financial lives of their clients according to Encore Advisory managing director Tom Reddacliff.
Speaking on the
Advice Evolution in 2021 webinar with Consultancy Evergreen’s Angela Ashton, Reddacliff explained how the regulatory push for ‘active advice’ will become an all-pervasive trend at the advice practice level this year.
“Active is the only viable business model,” Reddacliff said. “That’s become far, far more obvious in recent times with the abolition of grandfathering that’s just occurred.”