REST hires Calvert, Parametric for new responsible investmen

REST hires Calvert, Parametric for new responsible investment offering


REST hires Calvert, Parametric for new responsible investment offering
REST hires Calvert, Parametric for new responsible investment offering
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Australia's Retail Employees Superannuation Trust, a A$60 billion ($46.3 billion), Sydney-based retirement fund, hired Morgan Stanley Investment Management affiliates
Parametric and
Calvert Research and Management to oversee the equity exposures for REST's newly launched sustainable growth option, a REST spokeswoman confirmed.
According to a news release, Calvert — a global responsible investment boutique — will manage the equities portion of the new option, which will comprise roughly 72.5% of the portfolio, "supported by implementation specialist manager Parametric."
The portfolio — with asset allocated in Australian and overseas shares, property, infrastructure, bonds and cash — will have "enhanced environmental, social and governance investment characteristics," the news release said.

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