About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, April 26th, 4:56PM
rss
News Bites

NZ Funds: Cheaper might mean less responsible

NZ Funds, which manages the NZ Funds KiwiSaver Scheme, says KiwiSaver investors should not skimp on socially responsible investment, in the pursuit of lower-fee funds.

Tuesday, April 10th 2018, 6:00AM

The fund manager said it had a clear approach to ensure it thoroughly investigated all of its portfolio holdings.

It works with Institutional Shareholder Services, which screens for landmines, cluster munitions and nuclear weapons but also looks at human rights, labour standards, environmental protection and anti-corruption considerations.

Over the past two years NZ Funds has sold holdings in BHP Billiton for failing to remediate the damage caused by a burst dam and in Phillips 66 for not respecting indigenous rights, as a result of ISS information.

Its in-house investment team also screens each new investment for ESG factors.

If a concern is identified NZ Funds will engage with the company’s management to work out what remedial steps were being taken. If it was not satisfied with the response it would take a public stance or sell the investment as a last resort.

“There are many reasons not to consider a broader range of corporate behaviour but NZ Funds suspect cost is the main one. The old adage you get what you pay for is as applicable to KiwiSaver as it is to any other service.”

Tags: NZ Funds

« Simplicity wades into Smartshares territoryWealth Technologies challenges for NZX »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Latest Comments
  • An inquiry? Careful what you wish for
    “Hi Paul Maybe you didn’t read what Mr Orr said? He said “NZ’s bank culture is infinitely better”. That is outside...”
    14 hours ago by Brent Sheather
  • An inquiry? Careful what you wish for
    “@Barry It was easy to see the point Ms Orr was trying to make - a good headline (some might say that I've done that myself...”
    14 hours ago by Murray Weatherston
  • An inquiry? Careful what you wish for
    “@Barry It was easy to see the point Ms Orr was trying to make - a good headline (some might say that I've done that myself...”
    14 hours ago by Murray Weatherston
  • An inquiry? Careful what you wish for
    “ My favorite recent question at the commission to the Association of Financial Advisers; 'If an ASIC banning order isn't...”
    15 hours ago by Barry Read
  • An inquiry? Careful what you wish for
    “Where is Fred Dodd's evidence that "you would only end up with 20% of that money in ANZ products"? Mr Dodds needs to get...”
    15 hours ago by Graeme Tee
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.75 5.15 5.49
ANZ Special - 4.25 4.65 4.99
ASB Bank 5.80 4.79 4.99 5.29
ASB Bank Special - 4.39 4.59 4.89
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.39 4.49 4.99
BNZ - Std, FlyBuys 5.90 4.99 5.29 5.59
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
Lender Flt 1yr 2yr 3yr
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 4.79 5.05 5.29
HSBC Premier 5.79 4.19 4.29 4.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - 3.95 -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.79 ▼4.99 ▼5.35
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.29 ▼4.49 ▼4.85
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special 5.00 - 4.75 -
SBS Bank 5.89 4.95 5.19 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.29 4.64 4.99
Sovereign 5.90 4.79 4.99 5.29
Sovereign Special - 4.39 4.59 4.89
The Co-operative Bank - Owner Occ 5.75 4.39 4.59 4.99
The Co-operative Bank - Standard 5.75 4.89 5.09 5.49
TSB Bank 5.80 4.79 5.05 5.45
TSB Special - 4.29 4.55 4.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.19 5.44
Westpac - Offset 5.95 - - -
Westpac Special - 4.39 4.65 4.94
Median 5.82 4.79 4.99 5.29

Last updated: 23 April 2018 8:07am

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