Christian Super awarded Robeco Australia a A$100 million ($69.7 million) mandate for an enhanced indexing equities strategy, a spokeswoman for the A$1.5 billion Sydney-based superannuation fund confirmed Tuesday.
In a news release, Robeco called the strategy "an alternative to passive investing for investors looking for stable outperformance after costs with a low tracking error," while integrating sustainability criteria.
The mandate was funded with fresh inflows, the Christian Super spokeswoman said.
Christian Super said in an emailed statement that the mandate is part of a restructuring of the fund's equity portfolios "currently underway to reflect a more cohesive ethical and fundamental approach to create long term value for our members."
Christian Super oversees roughly A$1.5 billion in retirement assets for more than 27,000 members.