QuayStreet makes SRI changes
QuayStreet Asset Management is cutting the management fee for its Socially Responsible Investment Fund from 1.25% to 1% a year.
Tuesday, July 24th 2018, 6:00AM
The fund was established in 2007. It now has more than $38 million under management.
Stefan Stevanovic, portfolio manager, said the fee reduction reflected QuayStreet’s ambition to maximise the benefits for investors.
QuayStreet is also expanding the assert class ranges in the fund to incorporate more growth investments.
This would have more appeal to younger and long-term investors.
QuayStreet would take on more exposure to growth assets when there were market opportunities and preserve capital and reduce risk when the outlook deteriorated.
“Our stringent screening process incorporating both negative and positive screens will remain exactly as before. We will continue to invest in companies that are operating sustainably, while avoiding those that have severe impact on the environment or on society,” Stevanoic said.
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