Vanguard adds Australian shares offerings to its ESG suite
Melbourne, 14 October: Vanguard Australia has launched an Australian Shares Environmental, Social and Governance (ESG) Fund and Exchange Traded Fund (ETF), adding additional choice to its Ethically Conscious range which also includes international shares and fixed income offerings.
The Vanguard Ethically Conscious Australian Shares Fund and ETF (ASX:VETH) provide exposure to approximately 240 shares listed on the ASX while removing companies with significant business activities involving fossil fuels, alcohol, tobacco, gambling, military weapons and civilian firearms, nuclear power, and adult entertainment.
The Fund and ETF also exclude shares of certain companies whose conduct contravenes the principles of the UN Global Compact pertaining to labour rights, human rights, environment and anti-corruption, and will be offered at a low management expense ratio of 0.20 per cent and 0.16 per cent respectively.
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