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

Mon, 12 Dec 2022

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...

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