Doing well, doing good: ethical KiwiSaver funds top rankings

Doing well, doing good: ethical KiwiSaver funds top rankings
An academic has warned ESG outperformance is due to its sudden popularity not the underlying securities. (Image: Getty)
Dan Brunskill
KiwiSaver funds emphasising responsible investing were the top performers in the December quarter, according to the latest Morningstar report.The quarterly rankings show ethical investors delivered the highest returns in four of the five categories.Medical Assurance Society led the moderate funds with a 2.1% return, ASB’s new Positive Impact was the top balanced fund at 4.1%, Pathfinder took out the growth category with 5.1% return, and Kiwi Wealth the aggressive growth category at 6.1%.All these funds are certified by the Responsible Inv...

More Markets

BNZ's 1H profit and margins ease
Markets

BNZ's 1H profit and margins ease

Net profit was down 5.3% on the previous year's first half. 

NZ sharemarket falls due to global inflation fears
Markets Market close

NZ sharemarket falls due to global inflation fears

The S&P/NZX 50 Index closed at 11,867.58, down 89.92 points or 0.75%.

Graham Skellern 01 May 2024
Michael Hill buffs up security as robbery costs climb
Retail

Michael Hill buffs up security as robbery costs climb

The jeweller has invested in new smash-proof assault glass and fog cannons.

Gregor Thompson 01 May 2024
John Penno quits Synlait board as George Adams elected chair
Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 01 May 2024