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Equity Trustees rapped over the knuckles by ASIC
Financial Standard
|June 30, 2025
Equity Trustees was fined nearly $60,000 by the regulator for making misleading statements about the holdings of a sustainable bond fund.
Equity Trustees agreed to pay three infringement notices totalling $56,340 over allegations it made misleading statements about the investments of the Artesian Green and Sustainable Bond Fund. Having paid the notices is not an admission of liability or guilt.
Equity Trustees serves as responsible entity to the fund, which is managed by Artesian Capital Management.
According to ASIC, the fund’s product disclosure statement, target market determination and website all stated that the fund invested in green, sustainable and social corporate bonds issued by companies.
Cette histoire est tirée de l'édition June 30, 2025 de Financial Standard.
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