Good Super is partnering with a US-based investment adviser to launch a suite of new investment options for members, including “Dump Trump” and “Boycott Adani.”
OpenInvest will provide advisory services for the new options, which Good Super said will enable members to “align their investments with their values without sacrificing performance.”
In addition to the Trump and Adani portfolios, members can also opt for LGBT Rights, Gender Equality, Boycott Coal Seam Gas and others. They’re designed to include and exclude companies that are either “positively or negatively” involved with a member’s chosen cause.
These equity portfolios can also be combined with cash and fixed income options.
OpenInvest was founded by former Bridgewater technology associate Conor Murray, Deliveroo co-founder Phil Wei and ex-World Wildlife Fund senior program officer Joshua Levin.
Levin said the company is “using technology to bring honesty and transparency to financial services, while making socially responsible investing easy and more accessible.”
“Through their finances, particularly in Australia where superannuation contributions are mandatory, citizens now have broad-based collective ownership of the economy,” Levin added.
“Our goal with Good Super is to provide their members with one of Australia’s most personalised and customised super products, without sacrificing performance.”
Good Super product manager Steve Gibson said the partnership followed requests from members for more customisation and flexibility in their investment options.
“Good Super has always offered members the opportunity to have a positive impact through their super investments. We’re now able to take this even further by giving them the opportunity to support the causes that matter most to them,” Gibson said.
“We empower our members to do good their way, to create the future they want. So we’re delighted to have formed this exclusive partnership in Australia with OpenInvest.”
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