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Core Securities Ethically Screened Funds Beat Their IndicesTwo Screened Index Models run by ethical investment adviser Ethinvest are performing well. The Ethinvest ASX50 Screened Index Model returned 20.39 per cent for the past year and 17.43 per cent since inception, beating the S&P/ASX 50 Accumulation Index by 3.1 per cent and 4.98 per cent respectively. The Ethinvest ASX100 Screened Index Model returned 21.67 per cent over the past year and 17.14 per cent since inception. It bettered the S&P/ASX 100 Accumulation Index by 4.02 per cent and 4.85 per cent respectively. Ethinvest launched its ASX Green 100 and ASX Red Excluded 50 Models about 18 months ago, so the figures to 30 June 2014 are the first full financial year returns. The total invested across both models is $1.2 million. Ethinvest says the ASX50 Screened Index Model applies a negative screen to the 50 largest companies on the ASX. Companies with a Red rating are excluded from investment. Investments are made in companies rated Yellow, which signifies neutral activities, and Green, indicating companies that are not directly involved in excluded activities and are promoters of more sustainable business practices. It has 24 holdings. The ASX100 Screened Index Model is composed from a positive screen where investments are made in companies rated Green. Companies with a Red or Yellow rating are excluded from investment. It has 29 holdings. The top 10 are: AMP, Brambles Industries, CSL, Insurance Australia Group, Ramsay Health Care, ResMed, Stockland, Suncorp Group, Telstra and Westpac. Sims Metal Management is also a member. Both indices are weighted by market capitalization.
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