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ANZ launches new international equities fund

ANZ Investments says a new international equities fund offers it more flexibility to respond as investors’ preferences change.

Friday, May 5th 2017, 5:59AM

by Susan Edmunds

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 fund and it is also open to wholesale money.

Managing director Craig Mulholland said there had been a noticeable increase in interest in responsible investments over the past year and it was important to have a fund for people who wanted to take a responsible approach with their investments.

But he said designing its own fund meant ANZ had the ability to make changes as its investment view changed with the global economy or as investor demand shifted.

“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.

“We’re very open to how the fund might develop. We can exclude stocks as required as opposed to a managed fund with far less flexibility.”

It is the first fund ANZ Investments has launched in three years.

Tags: ANZ

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