BARRY COATES: Inside the Black Box

Sun, 27 Sep 2020

The world of investment funds management is full of surprises.A recent report by Mindful Money, Inside the Black Box of New Zealand Investment Funds, shows there is $1.6 billion of KiwiSaver and retail investment funds invested in fossil fuel companies. At a time when the transition to a clean energy future is well under way, why would managers of KiwiSaver funds and retail investment funds still be heavily invested in fossil fuels?It is clearly not for financial reasons.The value of fossil fuel companies has collapsed over the past five y...

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