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AAP
AAP
Adrian Black

Ethical investment fund lashed for 'backing polluters'

Australia's corporate watchdog alleges an investment group misled clients over its ethical fund. (Joel Carrett/AAP PHOTOS)

An investment group misled clients on its ethical investment option and ignored concerns the fund backed some of Australia's biggest polluters, the corporate watchdog says.

Fiducian Investment Management Services engaged in misleading and deceptive conduct for nine years in how it described its Diversified Social Aspirations Fund, the Australian Securities and Investments Commission has alleged in a civil court action.

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