The funds, which meet Mindful Money's criteria for avoiding harm, practicing stewardship, and supporting sustainable companies, join 27 others that are highlighted to investors looking for socially responsible investment options.
The new list includes:
Booster Socially Responsible Investment Growth Fund and Socially Responsible Geared Growth Fund offered as both KiwiSaver and investment funds. Mindful Money founder and CEO Barry Coates describes Booster as a pioneer of ethical investment in New Zealand. Booster chief customer officer, Diana Papadopoulos says the funds give investors exposure to early stage Kiwi companies “that are doing some pretty exciting things to make positive changes.”
Devon Global Impact Bond Fund offered through international fund manager Wellington Management funds.
Generate Balanced and Conservative fund for its KiwiSaver and Investment Fund categories and Defensive Fund for the KiwiSaver categoryCoates says Generate has shown that mainstream investment funds can have a positive impact by allocating part of their portfolio to social housing investments. Through their pioneering investment in social housing, supporting the Salvation Army's social housing bond, Generate has not only helped provide homes for those in need but also inspired other investment providers to contribute funding towards similar initiatives. Sam Goldwater, lead portfolio manager and executive director of Generate KiwiSaver says members get to see their money making a positive impact whilst receiving a market return; and community focused borrowers can access new, large pools of liquidity at a fair interest rate.
Harbour Asset Management Sustainable Impact Fund which has a focus on investments in companies that are aligned with measurable impact on the United Nations Sustainable Development Goals (SDGs).
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