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New fund to meet changing views on responsible investing

News Release
For release: 4 May 2017

ANZ launches new fund to meet changing views on responsible investing

ANZ Investments today announced details of a new international equities fund that can be tailored to meet the changing views of New Zealanders on responsible investing.

ANZ Wealth managing director Craig Mulholland said today the new fund tracks an index of international equities that excludes investments in companies involved in controversial weapons and tobacco.

The ANZ Default KiwiSaver Scheme Conservative Fund has invested in the new fund, meaning that all ANZ’s KiwiSaver schemes exclude any direct and indirect investment in companies involved in controversial weapons or tobacco. The fund is open to wholesale investors and to other funds.

Mr Mulholland said ANZ Investments had made the conscious decision to design its own fund, rather than invest in an existing international investment solution because of investor feedback in recent years.

“We recognise that investor attitudes to responsible investing will continue to evolve,” he said.

“By having our own fund, under our own control, we will be able to respond quickly to any changes in investor sentiment, adding or divesting investments as appropriate.

“As the largest fund manager in New Zealand, we have the scale and expertise to design and manage our own standalone funds rather than having to rely on others.

“In addition, the ANZ fund, based here in New Zealand, is more tax effective than an overseas based fund for our KiwiSaver members which will help to improve their investment returns.”

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