Bank of NZ to bring in nuclear free, tobacco free investment policy

Wed, 22 Mar 2017

By Rebecca Howard March 23 (BusinessDesk) - Bank of New Zealand has developed a responsible investment policy which excludes companies involved in the production of cluster munitions, anti-personnel mines, nuclear weapons and tobacco or tobacco products from its international equity holdings, it said. “In the last 3.5 years our funds under management have grown from $1.5 billion to almost $4 billion today, so we’ve undertaken a comprehensive review of our investment business,” BNZ head of wealth and private bank Donna Nicolof said in a st...

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