Melior Australian Impact Fund achieves a “Recommended’ rating from Zenith and becomes the first Australian large companies manager classified as Impact

From

The Melior Australian Impact Fund has been awarded a ‘Recommended’ rating and is the first Australian large companies fund to be recognised as ‘Impact’ by Zenith Investment Partners.

The rating by Zenith follows the recent naming of Melior by the Responsible Investment Association of Australasia (RIAA) as a “Responsible Investment Leader”, ranking 2nd out of 198 investment managers.

Melior’s chief executive, Lucy Steed, said the rating by Zenith was a welcome endorsement of the rigorous impact, ESG and financial frameworks and advocacy approach employed by Melior since launching its Australian Impact Fund more than two years ago.

“We are delighted to achieve a Recommended rating in our first Zenith review and to be the first Australian large companies manager to meet Zenith’s impact fund requirements,” Ms Steed said. “We believe that purpose driven companies with strong ESG and financial credentials have the potential to achieve superior returns and our approach has consistently demonstrated this.”

Since its July 2019 inception, Melior’s Australian Impact Fund has returned +37.1%, outperforming the ASX300 by +16.3% (net of fees)[1] as at 30 September 2021. Over its 2- year track record, the fund has also delivered impressive performance against mainstream large-cap peers, with consistent top quartile performance[2] .

In its report, Zenith praised Melior’s engagement with companies, describing its approach to ESG as “comprehensive” and its differentiated investment approach and ESG investment framework to be “market leading”.

Melior, which has quadrupled funds under management in the past year, announced last month that it had secured Atlassian’s Mike Cannon-Brookes and his wife, Annie, as cornerstone investors and equity holders in the business through their private investment vehicle, Grok Ventures. The manager has recently moved into the adviser market with their impact fund now available on platforms such as Macquarie Wrap, Hub24 and Netwealth.

Melior was launched in 2018 by Ms Steed and CIO Tim King after the duo identified a gap in the market for an investment product that delivered positive social and environmental impact which contributed to the Sustainable Development Goals as well as competitive returns.

Melior is also backed by Adamantem Capital Managing Directors, Rob Koczkar and Anthony Kerwick, who are majority shareholders.

———

[1] Past performance is not a reliable indicator of future performance.
[2] Peer group: Morningstar Category – Australian Large Growth, Blend and Value. Guidelines.

You must be logged in to post or view comments.