Acorns launches ethical investment portfolio

In a statement yesterday, Acorns announced the launch of the Emerald Portfolio. The new portfolio is diversified across asset classes and geographical regions including Australian equities, international equities, bonds and cash, the statement said.

It has a risk-return profile similar to Acorns’ current “Moderately Aggressive” portfolio and aims to achieve similar returns, the statement said. 

Acorns Australia chief executive and managing director George Lucas said Acorns has been used predominantly by the Millennial market over the past year.

“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,” Mr Lucas said.

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

The launch of the new Emerald Portfolio follows Acorn’s recent introduction of carbon-conscious saving feature designed to track the carbon footprints of app-users.