Investors get access to Nikko's SRI fund
Nikko AM has decided to make its long-standing wholesale SRI Equity Fund available to retail and KiwiSaver investors.
The wholesale fund, which adds a specific layer of SRI exclusions to Nikko AM’s already ESG-integrated investment approach, was one of the first of its kind to be established in New Zealand.
Companies excluded from the fund through Nikko AM’s SRI filter today are those that derive over 10% of revenue from industries linked to adult entertainment, alcohol, controversial weapons / armaments, fossil fuels, gambling and tobacco.
The fund, which generally holds 30-35 Australasian listed companies, has consistently exceeded the benchmark of outperforming the S&P/NZX50 Gross Index, over the past two decades delivering an average annual gross return of 12.48%.
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