Al Gore's sustainable investment fund has expanded its retail presence with Avanteos adding the fund to its platform.
Gore's Generation Wholesale Global Sustainability Fund already has an exclusive retail agreement with the Commonwealth Bank-owned Colonial First State (Colonial). Avanteos is also owned by the Commonwealth Bank.
The fund has attracted $15 million in inflows since it was launched by Colonial in September last year.
"We consider this to be a good result, as it always takes a new fund some time to gain momentum and be placed on adviser approved lists," a Colonial spokeswoman said.
The fund has secured seven local institutional investors since the former vice president visited Australia in 2005.
Generation was co-founded in 2004 by Gore and former head of Goldman Sachs Asset Management, David Blood.
The high-conviction manager aims to invest in 30 to 50 companies that meet its sustainable investment criteria.
