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Australian Equities | Money Management

27 January 2021 Australian equity environmental, social and governance (ESG) funds saw a post-US election boost, as the Biden presidency has benefited ESG funds with holdings in renewables. President Biden had already signed several executive orders related to environmental protections, which included re-entering the US into the Paris Agreement. According to FE Analytics, within the Australia Core Strategies universe, the Australian equity sector returned 1.23% over the 12 months to 30 November, 2020. There were 19 funds labelled ethical/sustainable in the sector, with 11 outperforming the sector average.

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