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Pathfinder extends access to Ethical Trans-Tasman Fund

Pathfinder has opened its Ethical Trans-Tasman Fund (PETT) to retail investors in a move that it says will capitalise on investor sentiment favouring Australasia.

Tuesday, July 28th 2020, 10:29PM

Pathfinder chief executive John Berry said Australasia was increasingly being seen by savvy investors as a great investment opportunity given New Zealand and Australia’s handling of the Covid-19 crisis.

He said there had been massive fiscal stimulus from governments, and support from Reserve Banks. Both countries were in a strong position by global standards with relatively low government debt levels.

Australasia was also still a high-dividend market which was attractive against a backdrop of very low interest rates.

China, which is now recovering from the Covid-19 hit, was a key trade partner for both countries. “If there is a second Covid-19 wave internationally, we believe this could see increased fund flow into ‘safe havens’ such as Australasia.”

The Ethical Trans-Tasman Fund will consist of a mix of 10 to 40 Australian and New Zealand stocks with high environmental, social and governance (ESG) ratings.

Pathfinder said that, through the Covid-19 period, and prior to the pandemic, ESG-biased funds have demonstrated greater resilience to market turmoil. It said its CareSaver KiwiSaver Growth Fund had outperformed the peer group average by 4% in the six months to June 30.

It was initially only offered to wholesale investors but requests from retail investors meant it had now been made more widely available.

The fund’s investment approach focuses on capital preservation with the objective of lower downside risk than the market.

Tags: ESG investment John Berry KiwiSaver Pathfinder Asset Management

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AIA 4.55 2.55 2.69 2.79
ANZ 4.44 3.15 3.25 3.39
ANZ Special - 2.55 2.69 2.79
ASB Bank 4.45 2.55 2.69 2.79
Bluestone 3.49 3.49 3.49 3.49
BNZ - Classic - 2.55 2.69 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.15 3.29 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 5.50 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 ▼3.85 ▼3.95 -
HSBC Premier 4.49 2.45 2.60 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 2.55 2.65 2.79
Kainga Ora 4.43 ▼2.93 ▼3.07 ▼3.24
Kiwibank 3.40 3.30 3.54 3.54
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.55 2.79 2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Resimac ▼3.39 3.45 ▼2.99 ▼3.35
SBS Bank 4.54 ▼3.05 3.19 ▼3.25
Lender Flt 1yr 2yr 3yr
SBS Bank Special - ▼2.55 2.69 ▼2.75
The Co-operative Bank - Owner Occ 4.40 2.55 2.69 ▼2.79
The Co-operative Bank - Standard 4.40 3.05 3.19 ▼3.29
TSB Bank 5.34 3.35 3.49 3.79
TSB Special 4.54 2.55 2.69 2.99
Wairarapa Building Society 4.99 3.65 3.69 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.69 2.79
Median 4.55 3.05 3.13 3.12

Last updated: 11 August 2020 8:24am

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