Kernel Fund goes green with ESG index

Kernel Fund goes green with ESG index
Kernel founder Dean Anderson says the sustainable index is 'significantly different' to the regular benchmark.
Dan Brunskill
Index fund provider Kernel Wealth is launching an ESG version of New Zealand’s benchmark top 50 index, alongside two other sustainable funds.The NZ 50 ESG Tilted is a newly-designed index which will track the stocks in the S&P/NZX 50 but with each reweighted according to its environmental, social and governance scores.The fund will exclude any tobacco, gambling, and weapons stocks, then upweight and downweight the remaining companies based on their governance, fossil fuel exposure, and workplace diversity.The index doesn’t begin...

More Markets

NZ sharemarket braces for Trump's 'Liberation Day'
Markets Market Close

NZ sharemarket braces for Trump's 'Liberation Day'

The S&P/NZX 50 Index closed at 12,320.19, up 7.59 points or 0.062%.

Westpac Bank’s Eckhold says April cut likely wrong move
Economy

Westpac Bank’s Eckhold says April cut likely wrong move

Economists are widely expecting a 25 bps rate cut next week. 

Trump-era FX 'compounding' margin losses, analysts say
Retail

Trump-era FX 'compounding' margin losses, analysts say

"Liberation day" could make matters worse, says Kiwibank’s Kerr.

The simple strategy behind Dairyworks
Primary Sector

The simple strategy behind Dairyworks

Is New Zealand still fixated on the 1kg block of cheese?