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
Posts Tagged ‘Mindful Money’
KiwiSaver investments in unethical stocks on the rise
Thursday, September 7th, 2023
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
Ethical investment promises are misleading many of us
Monday, August 15th, 2022
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