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

 

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.”

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Rocket Lab: Launch Expected

Rocket Lab has delayed the roll out of the launch vehicle called Electron by one day, due to weather conditions. The planned launch attempt will now take place on Tuesday, May 23, 2017. More>>

ALSO:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: