Vanguard open to KiwiSaver request
Vanguard is open to the possibility of producing a product that New Zealand KiwiSaver funds could invest in without risking exposure to ammunition manufacturers, Simplicity managing director Sam Stubbs says.
Stubbs has suggested the KiwiSaver industry should follow the Super Fund’s model of ethical and responsible investment, and impose the same filters and exclusions.
Stubbs’ own KiwiSaver funds use Vanguard ETFs, which have exposure to cluster bomb manufacturers.
He suggested that the providers could join forces to ask Vanguard to put together a product with the necessary exclusions in place.
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