Lonsec awarded the BT Wholesale Ethical Share Fund and ING Wholesale Sustainable Investment Australian Shares Trust a highly recommended rating.
The review noted performance across the responsible investment sector continued to hold up well in comparison to mainstream Australian equity funds, with a number of funds delivering pleasing excess returns over the one and three-year periods to June.
Lonsec senior investment analyst Steve Sweeney said while it was a fairly unremarkable year in terms of product development, there were a number of significant team movements impacting on the sector. "Offerings from AMP Capital, Australian Ethical and Challenger all experienced significant personnel change," Sweeney said.
