About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Monday, June 26th, 10:27PM
Check out GoodReturns TV now! Dismiss
rss
Latest Headlines

Pathfinder Asset Management launches RI option

Pathfinder Asset Management is working to gauge the level of adviser interest in its new Responsible Investment Fund.

Monday, May 15th 2017, 5:59AM

by Susan Edmunds

The fund has launched for wholesale investors, investing in global listed companies, with Ngai Tahu Holdings as the cornerstone investor.

The Responsible Investment Fund holdings are screened for revenue sources to exclude, for example, companies involved in gambling, tobacco and controversial munitions. Companies are also scored for environmental, social and corporate governance factors (ESG) which cover a range of issues including operational incidents, environmental impacts and product recalls. Screening is conducted by Sustainalytics, a leading global provider of ESG research and ratings.

“Most of the focus in New Zealand on responsible investing is exclusions... in our mind exclusions are very negative and don’t go far enough," said Pathfinder executive director John Berry.

He said it was better to focus on positively rewarding behaviours that the fund wanted to encourage.

Returns should be as good as or better than the market, he said. “Responsible investing is raising the bar around behaviour for corporates. It has been acceptable to say that a company complies with the law as the minimum standard but responsible investing is about not just complying with the law but conducting business in accordance with a fair set of ethics that benefit society.”

Berry said Pathfinder wanted to see how much interest advisers had in the product before it decided to launch a retail product.

Pathfinder’s Global Water Fund was the firm’s first socially responsible option and has an average return of 12.2% per year over the past five years.

Tags: John Berry Pathfinder Asset Management

« Roboadvice could come sooner than law reformFSCL to appeal court ruling »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • New code working group: your future's in their hands
    “Like Stephen O'Connor I am rather dismayed with the balance of experience selected for this group. I say that without meaning...”
    2 days ago by Tony Vidler
  • QROPS adviser breached code: FADC
    “@murrayweatherston NZ-based AFAs who make out that they are UK pensions specialists surely wouldn't arrange a UK transfer...”
    3 days ago by Denis
  • QROPS adviser breached code: FADC
    “@Denis You must have a different decision than me. In my copy 1. XYZ said the UK end was out of scope. That is, the answer...”
    3 days ago by Murray Weatherston
  • Time to rebrand trauma: IFSO
    “Actually I disagree because there are a number of conditions that do not relate to "illness", e.g. paralysis, loss of sight,...”
    3 days ago by Referee
  • Time to rebrand trauma: IFSO
    “Agree, policies/benefits should be named and marketed based on how they perform. There are some so called trauma covers...”
    4 days ago by HumbleAFA
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.99 5.35 5.59
ANZ Special - 4.49 4.85 -
ASB Bank 5.80 4.85 5.14 5.49
ASB Bank Special - 4.45 4.74 5.09
BankDirect 5.80 4.85 5.14 5.49
BankDirect Special - 4.45 4.74 5.09
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.59 4.74 5.09
BNZ - Std, FlyBuys 5.90 4.99 5.29 5.59
BNZ - TotalMoney 5.90 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 5.45 5.50 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 5.00 5.20 -
Housing NZ Corp 5.79 4.85 5.14 5.49
HSBC Premier 5.79 4.09 4.29 4.89
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.70 4.59 4.69 5.09
Kiwibank 5.70 5.09 5.19 5.65
Kiwibank - Capped - - - -
Kiwibank - Offset 5.70 - - -
Kiwibank Special - 4.69 4.79 5.25
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.00 4.86 4.75 5.30
Lender Flt 1yr 2yr 3yr
SBS Bank 5.79 4.99 5.29 5.59
SBS Bank Special - 4.59 4.85 5.25
Sovereign 5.90 4.85 5.14 5.49
Sovereign Special - 4.45 4.74 5.09
The Co-operative Bank - Owner Occ 5.75 4.59 4.85 5.25
The Co-operative Bank - Standard 5.75 5.09 5.35 5.75
TSB Bank 5.80 4.80 5.15 5.45
TSB Special - 4.55 ▼4.49 5.15
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.29 5.59
Westpac - Capped rates - 5.26 5.36 -
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.95 - - -
Westpac Special - 4.59 4.85 5.09
Median 5.80 4.85 5.14 5.38

Last updated: 19 June 2017 9:16am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com