Acorns launches sustainable investment portfolio

Alison Banney 14 June 2017 NEWS

succulent 738

The Australian micro-investing app today launches its socially responsible Emerald Portfolio following feedback from millennial customers.

Micro-investing app Acorns today launches the Emerald Portfolio - an investment option designed to meet environmental, social and corporate governance standards.

The app allows Australians to invest their small change, by rounding-up their everyday purchases and putting that money towards one of six investment portfolio options.

The new socially driven portfolio option is a result of continued customer feedback, with strong customer demand for an investment option that aligns with their personal values.

Acorns says this feedback has largely been driven by millennials, who have been quick to take up the micro-investing app since it’s launch one year ago.

“Since launching Acorns in Australia more than a year ago, one of the greatest frustrations we increasingly hear from our customers is the challenge of knowing where their money is being invested,” said Acorns Australia CEO George Lucas.

“Millennials are more attuned to the social impact of their actions than other demographics and are driving the interest in sustainable investment. However, they also don’t want to give up their ability to get returns.”

“The Emerald Portfolio allows them to participate in the financial markets with an option to align their investments more closely to their values,” he said.

The new Emerald Portfolio, like the existing portfolios offered by Acorns, is diversified across asset classes including Australian equities, international equities, bonds and cash. However it has a focus on companies that are socially responsible.

It has a similar risk-return profile to the ‘Moderately Aggressive’ portfolio, and aims to achieve similar returns. Acorns predicts that a monthly investment of $30 in the Emerald Portfolio will have a projected value upwards of $5,089 in ten years time.

The new socially driven Emerald Portfolio is available from today to all Acorns Australian customers.

Keen to get on the micro-investing bandwagon? Check out our comparison guide to get started.

You may also be interested in

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.
Ask a question
Go to site