New fund lets KiwiSavers avoid arms, tobacco, nuclear investments

Thu, 27 Oct 2016

By Edwin Mitson Oct. 27 (BusinessDesk) - KiwiSaver providers will be able to offer a low-cost international shares fund that excludes tobacco as well as controversial and nuclear weapons from the portfolio by the end of the year. In August, Radio New Zealand reported that many New Zealanders were unknowingly allowing their savings to be invested in global share index-tracking funds that included shares in companies that manufacture cluster bombs and land mines. Vanguard, a global investment firm and one of the most common providers...

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