Advisers yet to get responsible investing
The New Zealand Superannuation Fund announced this week that it had excluded a group of nuclear base operators from its investment portfolio.
As at March 31, the Fund’s holdings in these companies totalled $2.2 million. The holdings have now been sold.
Mimms said both the NZSF and ACC were strong on responsible investing but few financial advisers were actively adopting the responsible investing approach for retail clients, or specifically looking to invest in ethical funds.
“From an institutional investor’s perspective there’s more of an alignment because they’ve got trustees and they have to be aware of their place in the community.”
He said they tended to be more sophisticated and aware of the issues. Retail investors might not consider the prospect unless it was pointed out to them.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
