Investor demand sees Kernel launch range of sustainable funds
Kernal is an Auckland-based index fund manager that has grown rapidly since launching in 2019 and has created three new products in recognition of the importance of and rising demand for sustainable investment strategies.
Launching in June are the Kernel Global Green Property fund which provides exposure to global property assets that meet sustainability criteria, hedged to NZD; and the Kernel S&P Global Clean Energy fund which invests in clean energy-related businesses from around the world, including wind, solar, hydro generators, and renewable manufacturers.
The new funds include NZ 50 ESG Tilted, which will track a New Zealand ESG (Environmental, Social and Governance) index being developed with S&P Dow Jones Indices.
The fund will not only exclude stocks based on controversial business sectors including tobacco, gambling, and controversial weapons but also upweight and downweight companies based on non-financial metrics covering governance practices, sustainability scores, disclosure practices, fossil fuel exposure, and workplace diversity.
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