Funds
ASB Positive Impact Fund
Issues of concern
The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.
Key:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Weapons
Fossil Fuels
-
Nextera Energy Inc 0.77%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Orsted A/S 0.64%
1.5°C
This company is on a 1.5°C pathway
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
ORSTED A/S Fossil Fuel Production
Ørsted is a Danish power company and Europe’s largest producer of electricity from offshore wind power. The company was previously named Danish Oil and Natural Gas but has now transitioned to generate 91% of its power from renewable sources. The company had previously set a target of ending coal generation by 2023, however, the Danish government recently required the company to extend the operation of its two remaining coal plants to June 2024, along with one oil plant. Ørsted still stands by an overall target of net-zero emissions by 2040 with an interim goal of generating 100% renewable electricity by 2025. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
-
Nextera Energy Inc 0.77%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 2023 and Mindful Money
analysis of funds within those portfolios. The list of companies of concern has
been drawn from ratings agencies and public sources, including the Norwegian
Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.
Please note that companies may breach more than one of these areas of
concern.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
Mindful Money uses the term Mindful Funds as our standard
for ethical investment and responsible investment. This does not imply that
other funds are unethical or that the fund providers that do not meet these
standards are unethical providers.
About this fund
In their own words
To invest in a portfolio of investments that make a positive impact on society or the environment while seeking to provide moderate to high long-term returns allowing for large movements of value up and down. The number of years with negative returns are generally expected to be similar to the Growth Fund in the ASB Investment Funds. The impact objective is to achieve measurable positive outcomes in line with the UN Sustainable Development Goals. The Positive Impact Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets.
Value | $17.8M NZD |
Period of data report | 30th Sept. 2023 |
Fund started | 25th July 2019 |
Total annual fund fees | 1.33% |
Total performance based fees | 0.0% |
Manager's basic fee | 1.25% |
Other management and administration charges | 0.08% |
Total other charges | 0.0 |
Total other charges currency | NZD |
Key Personnel
Frank Jasper |
Currently: Investment Committee member (1 years, 2 months) |
Jax Mitchell |
Currently: Investment Committee member (0 years, 11 months) |
Stephen Moir |
Currently: Investment Committee Chairman (0 years, 4 months) |
Justine Sefton |
Currently: Investment Committee member (1 years, 2 months) |
John Smith |
Currently: Investment Committee member (12 years, 4 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2023.
Past Returns
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
Year | Market Average | Fund Annual Return |
---|---|---|
2023 | -2.59% | -10.03% |
2022 | 1.06% | 0.89% |
2021 | 18.16% | 24.08% |
The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2023.
Top 10 Investments
-
Ishares Green Bond Index Fund Ie Class Flexible NZD Hedged
Ireland Int Fixed Interest41.2146% -
Blackrock Global Impact Fund Class X NZD Hedged
Ireland International Equities29.2011% -
Blackrock Global Impact Fund Class X NZD
Ireland International Equities28.7685% -
ASB Bank Account NZD
New Zealand Cash and Equivalents A-1+1.1102% -
NZD BNP Paribas A/C
New Zealand Cash and Equivalents A-10.0141% -
USD BNP Paribas A/C
United States Cash and Equivalents A-10.002%
Type | Target | Actual |
---|---|---|
Cash and Cash Equivalents | 0.0% | 0.0% |
New Zealand Fixed Interest | 0.0% | 0.0% |
International Fixed Interest | 40.0% | 41.52% |
Australasian Equities | 0.0% | 0.0% |
International Equities | 60.0% | 58.48% |
Listed Properties | 0.0% | 0.0% |
Unlisted Properties | 0.0% | 0.0% |
Other | 0.0% | 0.0% |
Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2023.