NZ's responsible investment conundrum spurs invite to NY conference

Wed, 25 Oct 2017

By Paul McBeth Oct. 26 (BusinessDesk) - The rapid shift by New Zealand fund managers to back responsible investment last year attracted international interest and an invite to an exclusive conference in New York for Kiwi Wealth chief investment officer Simon O'Grady. A number of KiwiSaver providers were found to have unwittingly invested in cluster munitions manufacturers and big tobacco through global index tracking exchange-traded funds. That spurred a run by fund managers to find ways to ditch those investments and the creation of spe...

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