Nikko Asset Management has decided to open its wholesale SRI fund to KiwiSaver members.

Monday, February 14, 2022, 8:58 a.m.

Nikko AM has decided to make its long-standing wholesale SRI equity fund available to retail investors and KiwiSaver.

The wholesale fund, which adds a specific layer of SRI exclusions to Nikko AM’s already integrated ESG investment approach, was one of the first of its kind to be established in New Zealand.

Companies excluded from the fund via Nikko AM’s SRI filter today are those that derive more than 10% of their revenue from industries related to adult entertainment, alcohol, controversial weapons/armaments, fossil fuels, gambling and tobacco.

The fund, which typically holds 30-35 Australasian listed companies, has consistently outperformed the S&P/NZX50 Raw Index, over the past two decades, delivering an average annual gross return of 12.48%.

“We believe the best screening is through active management.”

“Since launching GoalsGetter three years ago, we have been committed to bringing institutional-grade expertise and choice to the rapidly growing retail investment market,” said George Carter, Managing Director of Nikko AM NZ .

“We’ve been managing an SRI strategy since 2001, so opening up access to the SRI fund to individual investors and KiwiSaver members is the latest step in this exciting journey.”

The fund is actively managed by a dedicated SRI fund manager, with support from the broader Nikko AM Equities team and global industry thought leaders who help assess, interpret and adjust exclusion criteria. This is an important point of difference in the rapidly changing SRI space when it comes to creating both economic and social value, says Carter.

“We believe the best screening is through active management.”

“As a global fund manager with a philosophy of integrating ESG and SRI considerations into all our investment decisions, we benefit from real-time experience and understanding of global trends and legislative and social developments. .”

The SRI equity fund is the second social purpose fund to be added to the Nikko AM retail fund portfolio, which now numbers 20, in the past three months, following the launch of the unique philanthropic fund Freedom Fund last October. .

Tags: George Carter Nikko AM SRI

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