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Simplicity drops investments

Tuesday, June 5th 2018, 10:23AM 1 Comment

Simplicity is dropping fossil fuels, pornography, alcohol, weapons and gambling from its KiwiSaver fund.

Simplicity already excludes investments in nuclear weapons, tobacco, landmines and cluster munitions.

“Excluding investments in these additional areas is a global trend that makes sense for our members. They should receive better returns, and it’s what KiwiSaver members want."

A recent Consumer survey showed 77% KiwiSaver members were concerned about their funds investing in pornography; 73% were concerned about weapons; 70% about gambling; and 69% about tobacco.

Past performance indicates that had Simplicity been investing with these exclusions for the past five years, its returns would have been +0.76% p.a. better for its Growth funds, +0.54% p.a. for its Balanced funds, and +0.19% for its Conservative funds.

“The data clearly shows that these exclusions should be better for future returns and reflect a global trend,” Stubbs said.

Tags: Simplicity

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Comments from our readers

On 7 June 2018 at 12:35 pm SSunshine said:
Wonderful to see both customers and providers making responsible investment decisions. I am a Simplicity customer and I am very happy with this. I couldn't be happier with their ethos.

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