There are Ethical Options for KiwiSaver
Leaving aside the overblown hyperbole of the journalists in this article (I don’t think any company advertises itself as a cluster bomb company, but whatever), it’s important to know where you are investing and if you have preferences to not invest in certain areas, to see what you can do about it.
It’s not enough to just look at the default funds and see where they invest, but all funds.
If investing in alcohol, tobacco, firearms, gambling, uranium mining and fossil fuels is something you want to avoid, there are about 4 options in the market (unless you only invest in cash) for you. 2 of those are run by Grosvenor, a fund we do a lot of work with.
These two funds are the first two in NZ to be certified by the RIAA, the Responsible Investment Association Australasia.
It’s easy to switch these funds if you want access to them, and you can also get advice ongoing from the team at DUX Financial.
We can set up your funds to fit all risk appetites from high growth to conservative and will advise you on this.
Alan Borthwick of DUX Financial is an Authorised Financial Adviser (AFA) and Certified Financial Planner (CFPCM) who assists his clients with ongoing advice to achieve their goals.
There is no fee to switch to an ethical KiwiSaver with DUX Financial or to get ongoing advice about your asset allocation, buying a house with KiwiSaver etc.
To arrange a switch to the DUX Financial advice system and Ethical KiwiSaver investing, call us on 0800 000 987 or email us at firstname.lastname@example.org