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


Do you know where your KiwiSaver money is invested?

Do you know where your KiwiSaver money is invested?

A recent study by the NZ Herald, RNZ and Fairfax showed that some of the government-appointed KiwiSaver schemes held investments in weapons manufacturers, tobacco companies, palm oil producers and other less socially responsible industries. People who sign up to KiwiSaver, but do not pick a scheme or self-manage their own portfolios, are automatically allocated to one of nine default providers and may therefore have unknowingly invested in these companies.

Shareclarity Managing Director Daniel Kieser says it’s probably not that easy to break down exactly where one’s money has been allocated. The funds themselves may have unwittingly invested in those businesses through indexes or companies that service those industries. Many electronics or parts manufacturers for example supply the weapons industry directly, or indirectly if their products are sold to other manufacturers that themselves supply to the weapons industry.

“It’s not always black and white unfortunately”, says Daniel.

What is interesting however, is that it reaffirms a growing trend toward socially conscious investing, especially among younger investors. A study by the Scorpio Partnership showed that 61% of people under the age of 35 “expect their wealth management firm to screen investments based on environmental, social and governance factors”.

“We’re seeing the same trend on our platform. Users are spending more time reading about what companies do and how they operate than what their expected earnings could be”.

“They’re interested in companies that resonate with them personally and, to coin Warren Buffet, are easily understandable”.


© Scoop Media

Business Headlines | Sci-Tech Headlines


NIWA: Scientists Say Methane Emitted By Humans ‘vastly Underestimated’

NIWA researchers have helped unlock information trapped in ancient air samples from Greenland and Antarctica that shows the amount of methane humans are emitting into the atmosphere from fossil fuels has been vastly underestimated... More>>


SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>


Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>


Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>


Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>