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Thinking about ethical investing

By johnboy - 5 March 2007 7

Sometime between midnight and 4am the Chief Minister’s web-monkeys slipped out a media release announcing the Government is going to have a think (via a review) about ways to invest the Territory’s $800 million in loose cash (on top of the $2 billion tied up in super) in ways that work towards “social responsibility”.

If anything comes of it one hopes with the super that our public servants will be given the choice of whether they want their retirement to be socially responsible or not.

As it is if anyone asks about the investments in guns and tobacco Our Brave Leader can point to his review and that’ll be the end of it.

What’s Your opinion?


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7 Responses to
Thinking about ethical investing
seepi 1:21 pm 06 Mar 07

Al – how does one go about getting PSS super into ethical investment?

Al 12:55 pm 06 Mar 07

To those who are disparaging of sustainable investments like it is somehow reducing pontential income, I have my super going into the PSS and split between ‘aggressive’ and ‘sustainable’ and the sustainable is topping the returns at 19% vs 16% for aggressive. Of all available pools, only the Australian shares only pool is doing better at 22.3%, but I personally think that’s a bit too specialised/risky.
http://www.pssap.gov.au/tools/investments/update_jan07.htm
Why is it that whenever someone talks of doing the right thing environmentally, there is always the assumption that this equates to more expensive?
What was it Benny Hill used to say about “don’t assume”?

jimbocool 4:09 pm 05 Mar 07

Ethical investment is already available to the whole community. There is a Canberra company called Australian Ethical Investments which is a funds manager that manages unit trusts and super funds that invest in ethical things. Their ROI is competitive with the big fund managers – a fact acknowedlged by the big boys, most of whom have an ‘ethical’ brand unit trust in their portfolio. Australian Ethical has been around for well over ten years, so the concept is not new.

VYBerlinaV8 now_with 3:54 pm 05 Mar 07

Make investment affordable? What do you mean? You can invest as much or as little as you like as an individual. It’s also easy to find investments that are guaranteed not to lose – talk to your friendly bank!

zephyr9673 2:54 pm 05 Mar 07

Good.

Great place to start as everything positive is supported by educated investors.

My problem (apart from Greenwashed ‘Sustainable investment”) is the elitism of this group of do gooders.

Yes, we want to save our world, and help the poor, but make investment affordable and accessable to Aussie battlers?

Why waste the time.

It is a complicated area, and invesment is a bigmoney gamble in the safest investments.

If the ACT Government can make Ethical and SRI available to the whole community they hold my vote.

louise 2:45 pm 05 Mar 07

If we applied that idea of ‘benefiting the community’ to taxes, how many would pay their rates in Canberra? Library users (0), schoolless communities (0), hospital patients feeding the meter (0), bus users (0, depending on the revised services)…

VYBerlinaV8 now_with 9:50 am 05 Mar 07

Perhaps they could have a think about what ‘ethical investing’ really means. I would propose a slightly altered definition, that being any investment that benefits the people of a given country (say, Australia for example) or area (such as the ACT). I think they should look for strongly performing investments that have some sort of impact on the people of ACT and region. This could include all sorts of things, but is probably an easier target to achieve than trying to choose stocks that have nothing to do with what most people see as a somewhat variable list of activities.

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