Mindful Money calls out fund managers for not upholding exclusions

Mindful Money calls out fund managers for not upholding exclusions
Some controversial shares slip past exclusion lists when they're included in underlying funds within a portfolio. (Image: Unsplash)
Dan Brunskill
Ethical investment charity, Mindful Money, has written a letter to retail fund managers asking them to drop investments that don’t align with the ethics policies they claim to apply.Founder Barry Coates said exaggeration and misleading claims about ethical investments were still rife across New Zealand funds management. Mindful Money analysis of total KiwiSaver holdings found almost 7% was invested in companies that surveys have shown New Zealanders wanted to avoid.The plurality of these assets was invested in companies that test pro...

More Editor's Picks

The fund riding a surge of golden visa cash
Markets

The fund riding a surge of golden visa cash

Punakaiki has raised more in a few months from visa applicants than all of 2025.

SkyCity expects to get NZICC keys in 90 days
Markets

SkyCity expects to get NZICC keys in 90 days

The New Zealand International Convention Centre might even host some events this year.

Dileepa Fonseka 24 Jul 2025
Wikeley family claims latest victory in legal spat
Law & Regulation

Wikeley family claims latest victory in legal spat

Now, a US court has ruled in favour of Wikeley Family Trustee Ltd.

Victoria Young 23 Jul 2025
AI agents are coming: Keep your credit card close
Editor's Picks

AI agents are coming: Keep your credit card close

Agentic AI will order you a cake and make you pay for it, too, unless you're careful.

Dileepa Fonseka 22 Jul 2025