Responsible investment uptake highest in NZ: RIAA
About 72% of funds in New Zealand qualify as responsible funds, according to RIAA, the highest proportion of any major investment market, the body said. New Zealand's uptake is said to be higher than markets including the US, Europe, and Australia.
At the Responsible Investment Benchmark Report 2019 launch in Auckland, RIAA CEO Simon O'Connor said the NZ results were "phenomenal", but said "work is yet to be done" in developing deeper responsible strategies.
RIAA identified eight fund management firms as "leading" on responsible investment; AMP Capital Investors, Devon Funds Management, Harbour Asset Management, HRL Morrison, Mercer New Zealand, Mint Asset Management, Pathfinder Asset Management, and Southern Pastures.
Most responsible funds in NZ are negative screens (44%), followed by ESG integration (36%), and corporate engagement & shareholder action (19%).
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.
