Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Investment policy amended following ICJ whaling decision

Hunter Hall amends investment policy following ICJ whaling decision
2 April 2014 - The International Court of Justice has ruled that Japan’s whaling in the Antarctic is not carried out for scientific purposes and must cease. Japan’s Ministry of Foreign Affairs has said that it will abide by the ruling.

As a result of these events Hunter Hall is amending the investment guidelines of its Global Deep Green Trust to allow investment in Japanese stocks. Until today companies domiciled in Japan had been excluded from the fund because of its whaling activities. The ethically-screened Global Deep Green Trust invests in enterprises that have a positive impact on the well-being of humans, animals and the environment.

Hunter Hall and its staff have been staunch opponents of Japan’s whaling for many years. Through their personal donations and efforts and Hunter Hall’s charitable giving programme they have provided funding to Sea Shepherd, the Whale and Dolphin Conservation Society, the Australian Marine Conservation Society and the International Fund for Animal Welfare as well as producing symposia, lectures, photographic exhibitions and demonstrations in Tokyo, Oslo, Brussels and London.

Hunter Hall Chairman, Peter Hall, said today “I am delighted by these events and congratulate the Government of Japan and the International Court of Justice on their decisions. I would also like to extend our gratitude to Peter Garrett, Kevin Rudd, Donna Petrachenko, Ian Campbell and the Government of Australia for having the vision and perseverance to fight this issue and carry forward this case.

“The Global Deep Green Trust is now able to invest in Japan which offers opportunities for value investors and represents 8% of the MSCI Index. I am particularly pleased because our agenda is to prove that it is possible to “do well by doing good”. The Global Deep Green Trust is currently our top-performing fund with a return of 32.4% for the year to 31 March 2014 and since inception, has matched the performance of the MSCI Index despite the constraints imposed by its ethical screens.

“Co-incidentally, one of the projects we have supported, Bryant Austin’s life-sized photographs of whales, “Beautiful Whale”, will be on exhibition at the Australian National Maritime Museum, Darling Harbour, Sydney from 11 April 2014 to 1 February 2015.”

About Hunter Hall

Hunter Hall International Limited (HHL) is a publicly listed company and is a leading Australian-domiciled global equities manager and Australia’s largest dedicated ethical fund manager. The company was founded in 1993 and today manages over $1 billion. It offers its investment capabilities through five ethical investment funds – the Hunter Hall Value Growth Trust (VGT), the Hunter Hall Global Equities Trust (GET), the Hunter Hall Australian Value Trust (AVT), the Hunter Hall Global Deep Green Trust (GDG) and the Hunter Hall Australian Equities Fund (AEF).

Hunter Hall donates 5% of the company’s pre-tax profits to charitable causes through a shareholder nomination process and since its inception in 2001 has donated over $9.2m to a wide range of charitable organisations.

- End -

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

OceanaGold: Man Killed In Waihi Mine Accident

A 29-year-old man had died following a work place accident at OceanaGold mine, Waihi last night. The man was killed after the front end loader he was in rolled down a slope. The accident happened at approximately 6.30pm on Thursday night. More>>

ALSO:

Constructing Consent: Annual Housing Consents Highest In Over A Decade

More than 29,000 new homes gained building consent in the year to June 2016, up 16 percent from the previous June year, Statistics New Zealand said today. More>>

ALSO:

War Against Weevil For Future Peas: “No Peas, No Weevil” Ban Now In Place In Wairarapa

The Ministry for Primary Industries (MPI) has today placed a ban on growing peas within a specified area and placed controls on moving pea material (seed and untreated pea straw) within, in and out of this area for the next 2 years. More>>

ALSO:

Wood Producers: Crisis In New Zealand Log Supply

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More>>

Consents And Taxes: Trustpower 'Very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news