Mum and dad KiwiSaver investors may be helping finance the Israeli war in Gaza but they might not know it. The claim is made by Barry Coates, chief executive of Mindful Money. Coates told Stuff’s Esther Taunton that most people do not want to invest in weapons, but KiwiSaver providers do not tell them where Read more
KiwiSaver providers are cutting back on harmful investments, as larger fund managers begin to follow the lead of their smaller counterparts. Analysis by ethical investment charity Mindful Money, showed investment in harmful products fell by about $800 million in the six months ended September 2023, to $7.9 billion. Mindful Money said it was the biggest Read more
Passive investment strategies and index funds are having an adverse impact on the environment, animals and human welfare, according to Barry Coates. Coates is CEO of Mindful Money. Analysis conducted by Mindful Money reveals that of the $98 billion of KiwiSaver investments, a substantial $8.6 billion (8.9%) is now allocated to unethical stocks. This figure Read more
Just because investors are promised “ethical investments” doesn’t mean they’ll have them. It seems many are being misled by fund managers who are doing just the opposite, Mindful Money research has found. The not-for-profit group researches investment providers and helps consumers understand where their money is being invested. It has just completed a study of Read more