Markets

Kernel Fund goes green with ESG index

Dan Brunskill
Tue, 01 Jun 2021

Kernel founder Dean Anderson says the sustainable index is 'significantly different' to the regular benchmark.
Dan Brunskill
Tue, 01 Jun 2021
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...

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