To mark the World Summit on Sustainable Development taking place in Johannesburg in August and September, Nedbank has launched a sustainable development investment vehicle, the Nedbank Sustainable
Investment (SI) Index Fund.
This unit trust fund is a first for the South African
marketplace as it caters for investors who wish to invest in large companies that subscribe to international best practices on sustainable development.
The fund is a Domestic General Equity Fund and aims to provide investors with long-term capital growth over 3-5 years, by tracking the performance of a customised Sustainability Index.
The Index, developed by Edward Nathan & Friedland, weights companies using their weighting in the FTSE/JSE Top 40 index and their sustainability score reflecting their compliance with international best practices on sustainable development.
Potential investors will need a minimum lump sum of R2 000 and, or a monthly minimum contribution of R300 to invest in the fund. – Sapa