tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Saturday, July 11th, 12:05PM

Investments

rss
Investment News

Responsible investment uptake highest in NZ: RIAA

New Zealand has the highest proportional uptake of responsible investment funds among the world's major markets, according to the Responsible Investment Association of Australasia's latest benchmark report.

Tuesday, July 9th 2019, 1:18PM

Simon O'Connor

About 72% of funds in New Zealand qualify as responsible funds, according to RIAA, the highest proportion of any major investment market, the body said. New Zealand's uptake is said to be higher than markets including the US, Europe, and Australia.

At the Responsible Investment Benchmark Report 2019 launch in Auckland, RIAA CEO Simon O'Connor said the NZ results were "phenomenal", but said "work is yet to be done" in developing deeper responsible strategies.

RIAA identified eight fund management firms as "leading" on responsible investment; AMP Capital Investors, Devon Funds Management, Harbour Asset Management, HRL Morrison, Mercer New Zealand, Mint Asset Management, Pathfinder Asset Management, and Southern Pastures.

Most responsible funds in NZ are negative screens (44%), followed by ESG integration (36%), and corporate engagement & shareholder action (19%). 

O'Connor said there was still a mismatch between the things retail customers cared about, and the exclusions in responsible funds. Human rights abuses were cited as one area for improvement, with the issue less frequently screened than in 2017. Junk food and predatory lenders are also rarely screened out by investment funds, the RIAA CEO said.

The next phase of responsible investing is likely to focus more on positive screens and impact investments, O'Connor said. 

With responsible investing increasing, contributors to the RIAA report expect more legal requirements on fund managers and corporates. "I'd expect regulatory changes in place within a few years, if not sooner," said KPMG's Erica Miles.

O'Connor told Good Returns RIAA was keen to sign up more advisers and build retail customer awareness. 

"Intermediaries and financial advisers need to understand just how important this is to New Zealanders," he said. "We've got a critical decade ahead of us from 2020 to 2030, and there will be a major focus on what role the finance sector plays delivering on environmental, social and economic objectives."

"If there's an area of work it's on the financial adviser level. There's lots of options out there and there's evidence responsible investing contributes to positive returns. We're targeting financial advisers as much as possible and have put out a guide to financial advice we're currently updating. We're trying to develop that part of the market."

 

Tags: responsible investing

« Cannasouth breaks listing drought A narrative to take markets higher »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend

Good Returns Investment Centre is brought to you by:

Subscribe Now

Keep up to date with the latest investment news
Subscribe to our newsletter today

Edison Investment Research
  • HgCapital Trust
    8 July 2020
    Resilience from tech and services focus
    HgCapital Trust’s (HGT) 12-month NAV TR to end-March 2020 was a solid 13.8% despite the COVID-19 market downturn in March 2020 (ytd NAV performance...
  • Martin Currie Global Portfolio Trust
    30 June 2020
    Differentiated alpha generation
    Martin Currie Global Portfolio Trust’s (MNP’s) performance has improved considerably following the appointment of manager Zehrid Osmani on...
  • GG00BR30MJ80HVPEUpdate190620.pdf">HarbourVest Global Private Equity
    19 June 2020
    Secured liquidity
    HarbourVest Global Private Equity (HVPE) posted an NAV decrease of 0.7% between July 2019 (last interim results) and May 2020, largely due to the COVID-19...
© 2020 Edison Investment Research.

View more research papers »

Today's Best Bank Rates
Heartland Bank 1.00  
Heartland Bank 1.00  
Rabobank 1.00  
Based on a $50,000 deposit
More Rates »
Cash PIE Rates

Cash Funds

Institution Rate 33% 39%
ANZ 0.10    0.10    0.11
ASB Bank 0.05    0.41    0.42
ASB Bank 0.05    0.59    0.56
ASB Bank 0.05    0.61    0.64
ASB Bank 0.08    0.66    0.69
ASB Bank 0.08    0.72    0.75
BNZ 0.10    0.10    0.10
Heartland Bank 1.00    2.59    2.70
Kiwibank 0.05    0.77    0.88
Kiwibank 0.65    1.81    1.89
Nelson Building Society -    -    -
SBS Bank -    -    -
TSB Bank 0.40    0.41    0.43
Westpac 0.35    0.36    0.38
Westpac 0.05    0.10    0.11
Westpac 0.50    2.16    2.26

Term Funds

Institution Rate 33% 39%
ANZ Term Fund - 90 days 0.85    1.08    1.12
ANZ Term fund - 12 months 1.60    1.86    1.94
ANZ Term Fund - 120 days 1.05    -    -
ANZ Term fund - 6 months 1.60    1.75    1.83
ANZ Term Fund - 150 days 1.25    -    -
ANZ Term Fund - 9 months 1.60    1.81    1.89
ANZ Term Fund - 18 months 1.60    1.81    1.89
ANZ Term Fund - 2 years 1.60    1.81    1.89
ANZ Term Fund - 5 years 1.70    1.96    2.05
ASB Bank Term Fund - 90 days 0.90    0.91    0.95
ASB Bank Term Fund - 6 months 1.65    1.69    1.77
ASB Bank Term Fund - 12 months 1.60    1.65    1.73
ASB Bank Term Fund - 18 months 1.60    1.65    1.73
ASB Bank Term Fund - 2 years 1.60    1.65    1.73
ASB Bank Term Fund - 5 years 1.70    1.75    1.83
ASB Bank Term Fund - 9 months 1.60    1.65    1.73
BNZ Term PIE - 120 days 1.00    -    -
BNZ Term PIE - 150 days 1.10    1.28    1.34
BNZ Term PIE - 5 years 1.80    1.91    1.99
BNZ Term PIE - 2 years 1.80    1.91    1.99
BNZ Term PIE - 18 months 1.90    2.01    2.10
BNZ Term PIE - 12 months 1.75    1.91    1.99
BNZ Term PIE - 9 months 1.60    1.70    1.78
BNZ Term PIE - 6 months 1.60    1.70    1.78
BNZ Term PIE - 90 days 0.70    0.91    0.95
Co-operative Bank PIE Term Fund - 6 months -    -    -
Heartland Bank Term Deposit PIE - 12 months 1.80    1.96    2.05
Heartland Bank Term Deposit PIE - 6 months 1.90    1.96    2.05
Heartland Bank Term Deposit PIE - 9 months 1.90    1.96    2.05
Heartland Bank Term Deposit PIE - 18 months 1.85    -    -
Heartland Bank Term Deposit PIE - 2 years 1.85    2.06    2.16
Heartland Bank Term Deposit PIE - 5 years 1.90    2.11    2.21
Kiwibank Term Deposit Fund - 90 days 0.90    1.18    1.23
Kiwibank Term Deposit Fund - 6 months 1.60    1.90    1.98
Kiwibank Term Deposit Fund - 12 months 1.70    1.90    1.98
Kiwibank Term Deposit Fund - 150 days 1.25    1.53    1.60
Kiwibank Term Deposit Fund - 120 days 1.10    1.38    1.45
Kiwibank Term Deposit Fund - 9 months 1.70    1.90    1.98
Westpac Term PIE Fund - 150 days 1.10    1.44    1.50
Westpac Term PIE Fund - 120 days 1.05    1.38    1.45
Westpac Term PIE Fund - 18 months 1.60    1.85    1.93
Westpac Term PIE Fund - 12 months 1.60    1.80    1.88
Westpac Term PIE Fund - 6 months 1.60    1.80    1.88
Westpac Term PIE Fund - 9 months 1.60    1.80    1.88
Westpac Term PIE Fund - 90 days 0.85    1.18    1.23
Westpac Term PIE Fund - 2 years 1.65    1.90    1.98
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com