Synergy launches SRI portfolios

Synergy is a DIMS provided by Funds Administration New Zealand. Consilium NZ offers FANZ investment research to design the portfolios.

Synergy has $112 million under investment in the DIMS so far, diversified into 40 countries and 8,000 companies. The offer is intended to keep costs low for investors and provide access to market premiums.

The new portfolios offer socially responsible investments, focusing on excluding equity investments in companies with more than an incidental proportion of revenue generated by the production, manufacturing or significant sales of tobacco, controversial weapons, nuclear weapons or nuclear weapon components.

Consilium chief investment officer Damon O’Brien, said: “For far too long, taking a responsible investment approach led to investors having to sacrifice elements of prudent portfolio construction. Historically, the few responsible investment funds available were typically high-cost, highly concentrated and provided minimal mandate control or consistency.