Moneygirl

Get Smart With Money

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Finding Responsible Investments

Finding a bank, fund manager or company in which you can invest doesn’t take a lot of work.

House made out of green grassCo-operative banks and credit unions

There are a number of co-operative banks and credit unions around Australia that operate with a strong community focus and follow the principles of responsible investment.

Moneygirl recommends

Bank Australia – Responsible Banking

Bendigo Bank

Managed funds and Superannuation

If you’re looking for a fund manager that offers responsible investment products start by having a look at Australian Ethical and Future Super. And Market Forces are doing their bit to encourage investors to divest out of companies who invest in fossil fuels – check out their website (and any fund you might be thinking of investing in – they rate many of the funds from the biggest investment companies in Australia).

Moneygirl recommends

Australian Ethical

Future Super

Market Forces

Traditionally, arguements have been put forward to suggest that responsible investments under-perform in comparison to standard investments. However the average performance of responsible investment funds demonstrates that they have the ability to deliver strong financial returns and often outperform mainstream funds.

Wind farmRead more about investing in managed funds, or superannuation.

Shares

Before you buy shares undertake your own company research or check out the following researchers who’ve done the work for you.

Moneygirl recommends

Ethical Investor

The Ethical Investor website runs news featuring the latest developments in socially responsible investment (SRI) and corporate social responsibility. Importantly, it includes tables that provide SRI ratings on 250 major listed public companies in Australia as well as a detailed analysis of SRI funds. This information is provided by Corporate Monitor. You have to pay to access this information – full details on the Ethical Investor website. You can also sign up for a free e-newsletter.

Also have a look at Crikey – see if you can dig anything up on any company in which you might be thinking of investing.

Read more about investing in shares.

Finding a Financial Adviser

If you’re after a financial adviser in your part of Australia who specialises in ethical investment – someone who can align your values with your financial goals – try the Responsible Investment Association Australasia. Experts often suggest you find an adviser who charges by the hour instead of receiving a commission.

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2 Comments

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Ann
26 Apr 2009 at 12:04 pm

Thought it was really interesting to see that ethical funds are performing about the same as the others. Hope more people will start to invest in them. Could you push them more on your website?

Moneygirl
10 May 2009 at 6:35 pm

Thanks Ann, we are big fans of responsible investment and will be definitely be writing more about it in the future. Please let us know if you find any interesting articles or websites about RI that you might like us to feature…

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