|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Sunday 11th of October 2009
October 9, 2009    

Aus Ethical launches eco-friendly property fund

Bookmark and Share

by David Masters
Aus Ethical launches eco-friendly property fund

Australian Ethical Investment (Aus Ethical) has launched a new property fund that invests in eco-friendly buildings.

The Aus Ethical Property Trust only invests in energy efficient buildings with a minimum 5-star Green Star rating.

Investors in the fund should expect long-term capital growth and a moderate income stream, the company said.

The fund aims to provide returns at 3% above the consumer price index (CPI) over five year periods.

Aus Ethical believes energy efficient properties have the potential to provide better returns than traditional properties.

Commenting on the launch of the fund, Romilly Madew, chief executive of the Green Building Council of Australia, said: “A range of independent studies has confirmed that green building practices improve an asset’s value by securing tenants more quickly, commanding higher rents or prices, enjoying lower tenant turnover and costing less to operate and maintain.”

“Investors wanting to do the right thing by the environment will also do the right thing financially.”

In related news, Aus Ethical has updated its online services to make them simpler to use and easier to understand.

Discuss this in the Finance Markets forums

Story link: Aus Ethical launches eco-friendly property fund




Related financial stories to: Aus Ethical launches eco-friendly property fund:
Previous: « Fed chief comments boost dollar
Next: Britannia pulls 10%-LTV mortgages »

Visited 472 times, 78 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment