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: Wednesday, June 19th, 6:28PM

News

rss
Responsible Investing

Mindful Money adds two fixed interest funds to ethical list

Mindful Money has expanded the number of managed funds it recommends as being ethical, dubbed Mindful Managed Funds, on its website.

Friday, June 7th 2024, 8:04AM

by Andrea Malcolm

It has added the Pathfinder Green Bond and Artesian Green and Sustainable Bond, both around one year old, to bring the total to 47.

Mindful Managed Funds make up 9% of all managed funds (502 funds in total) and approximately 9% by total value ($76bn to end September 2023) of those listed on the Mindful Money site.

Separately there are 38 recommended KiwiSaver funds, which total 10% of all KiwiSaver funds by number (370 funds) and 9% by total value ($109bn to end September 2023), says Mindful Money founder and co-CEO Barry Coates.

Coates says both new funds meet the charity’s ethical criteria; avoiding harmful impact, undertaking effective stewardship and engagement, investing in companies that have positive impacts on people and the environment, and demonstrating commitment to ethical practices, including reducing the climate impacts of investments in their portfolios.

Pathfinder launched the Pathfinder Green Bond Fund last February in partnership with Affirmative Investment Management (a specialist bond management division within MetLife Investment Management). It exclusively invests in bonds allocated to green purposes, such as clean transportation, clean water access, increasing resilience to extreme weather events, and renewable energy supply networks. 

Coates says, the criteria for Pathfinder’s Green Bond Fund go beyond the certifying bonds (fixed interest loans) to  include expert analysis. Affirmative Investment Management, is an internationally-recognised green bond specialist. “This provides additional assurance that the green bonds are credible.” It also won the Mindful Money award last year for most ethical new fund.

The Artesian Green and Sustainable Bond Fund, run by Artesian and marketed in New Zealand by Devon from June last year, invests solely in green, sustainable and social bonds, with a focus on corporates and a bias towards Australia and New Zealand.

The fund targets projects with carbon abatement or social impact outcomes. Artesian's impact report showcases a sound framework and examples of their impact bonds, earning the fund the highest rating for fixed income from Australian Impact Investments.

Coates says the Artesian fund, which is a finalist for best new ethical fund in this year’s awards, provides more choice particularly through the focus on short interest duration bonds, with strong ethical credentials and a positive impact orientation, based on measured impact from use of proceeds data.

Mindful Money’s data update to end Mach 2024 will be finalised around 20th June – the closing date for fund providers to file their data with the Companies Office was 25th May.

Tags: Mindful Money

« RIAA launches investor guide on AI and human rightsMindful Money Awards celebrates leaders »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.14 6.75 6.39
ANZ 8.64 7.74 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.14 6.79 6.65
ASB Bank 8.64 7.14 6.75 6.39
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.14 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.74 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 6.79 - -
Co-operative Bank - Owner Occ 8.40 6.99 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.49 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.89 6.55 6.35
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.69 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.74 7.35 6.99
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 7.99 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 6.99 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.65 7.25 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.09 7.59 7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.74 ▼7.09 ▲6.95
SBS Bank Special - 7.14 ▼6.49 ▲6.35
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.14 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 7.79 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 6.99 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - 6.55 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.84 7.35 6.99
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.24 6.75 6.39
Median 8.64 7.19 7.17 6.65

Last updated: 19 June 2024 3:59pm

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com