Australian Financial Markets See Responsible Investment Managed Portfolios Recover Strongly with Total Assets Exceeding $18 Billion
(News4us.com) December 8, 2010
Increasing concerns over global environment and social issues are prompting investors to take more notice of Responsible Investment in Australia’s financial markets. According to the Benchmark Report 2010 released by the Responsible Investment Association Australasia (RIAA), Australia’s core Responsible Investments (a combination of specialised managed funds, community finance, green loans, RI charity investments and financial adviser portfolios) have recovered strongly with total assets now exceeding A$18 billion.
Responsible Investment managed portfolios, which account for around 85 per cent of total Responsible Investment, grew 10 per cent from A$14 billion in 2009 to A$15.4 billion in 2010. This latest figure represents a compound annual growth rate of almost 27 per cent from 2001.
Core Responsible Investment (RI) rose 13 per cent from A$16.2 billion in 2009 to A$18.2 billion in 2010. RI managed portfolios alone grew 10 per cent from A$14 billion to A$15.4 billion during this period – a reversal of the fall that began in 2008 of 7 per cent, which was followed by a further drop of 11 per cent in 2009. The RIAA has indicated that growth in RI managed portfolios in 2010 fared better than the broader market, with total assets under management of all types of managed portfolios rising 9 per cent in that same period.
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