About this fund

The BT Wholesale Ethical Share Fund is an actively managed portfolio of Australian shares that seeks to ensure that funds are invested in an ethical or socially responsible manner. Investors are becoming increasingly aware of the link between a company's sustainability focus and its long term success and profitability. As a result, ethical fund investing combines the best of both worlds - the potential to achieve strong performance over the long term while contributing to a sustainable environment.

What is this fund's investment objective?

The Fund aims to provide a return (before fees) that exceeds the S&P/ASX300 Accumulation Index over the medium to long term (5+ years).

What is this fund's investment process?

The Fund uses the same investment process as BTIM's flagship Australian equities products with the addition of sustainability screens.

1. The negative screen effectively determines the investment universe of the BT Wholesale Ethical Share Fund

2. The positive screen identifies companies for active consideration, given their focus on the production of sustainable goods and services. The ethical screen is provided by Monash Sustainability Enterprises (MSE), a leading independent research organisation. Examples of positively screened companies include those that derive greater than 20% of their revenue from sustainable technologies, products and services.
   

What is this fund's investment approach?

The Fund will not invest in companies which:

• directly mine uranium for the purpose of weapons manufacture

• produce alcohol or tobacco

• manufacture or provide gaming facilities

• manufacture weapons and armaments

• have been subject to environmental and/or human rights

• prosecutions

Meet the investment team, and portfolio manager

BTIM's nine-member Equity Strategies team is one of the largest in the Australian funds management industry. The portfolio manager for the Fund is Jack Chemello who has more than 11 years' industry experience. Jack joined the funds management business of BT Financial Group, now BT Investment Management in May 2003. He has been responsible for managing BT's Imputation, Geared Imputation and Ethical Funds since March 2007.

Prior to that, Jack covered numerous sectors in the Australian market including banking, diversified financial services, media, utilities and listed property, and in addition to his portfolio management role at BT, he also retains responsibility for coverage of the Australian banking sector.

Awards won by this fund

• BT Investment Management was awarded the Standard & Poor's Large Caps Equity Fund Manager of the Year award in September 2008.

• BT Investment Management was named Equities Fund Manager of the Year at the Insto 10th Annual Distinction Awards for the second year running.

More information

• Morningstar's fund profile
• Download the PDS
• Download the monthly fact sheet
• Download the quarterly fact sheet
• See how this fund has performed over time
• View other BT funds

Important Information

BT Investment Management (RE) Limited ABN 17 126 390 627, AFSL 316 455, is the responsible entity and issuer of units in the BT Wholesale Ethical Share Fund. A product disclosure statement (PDS) is available for the Fund and can be obtained by contacting your business development representative on 1800 813 886 or visiting www.btim.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of units in the Fund. This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. An investment in the Fund is not a deposit with or any other liability of the Westpac Banking Corporation (ABN 33 007 457 141) or any other Company in the Westpac Group of companies. Past performance is not a reliable indicator of future performance. BT Investment Management (RE) Limited is a member of the Westpac Group. Neither BT Investment Management (RE) Limited, nor any other company in the Westpac Group, guarantees the repayment of capital or the performance of the product or any particular rate of return. BT® is a registered trade mark of BT Financial Group Pty Ltd and is used under licence.