Funds
ASB World Shares 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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Enbridge Inc 0.37%
- Marathon Petroleum Corp 0.36%
- Nextera Energy Inc 0.34%
- Cheniere Energy Inc 0.33%
- Phillips 66 0.31%
- Kinder Morgan Inc 0.30%
- Valero Energy Corp 0.28%
- Williams Cos Inc 0.28%
- Tc Energy Corporation 0.27%
- Oneok Inc 0.26%
- Targa Resources Corp 0.25%
- Pembina Pipeline Corp 0.22%
- Glencore PLC 0.21%
- Neste Oyj 0.21%
- Snam Spa 0.21%
- Keyera Corp 0.19%
- Southern Co 0.19%
- Duke Energy Corp 0.18%
- Parkland Corporation 0.18%
- Altagas Ltd 0.15%
- Anglo American PLC 0.14%
- Iberdrola SA 0.14%
- Sempra 0.12%
- American Electric Power 0.11%
- Mitsubishi Corp 0.11%
- National Grid PLC 0.09%
- Consolidated Edison Inc 0.08%
- Enel Spa 0.08%
- Mitsui & Co Ltd 0.08%
- Wec Energy Group Inc 0.08%
- Xcel Energy Inc 0.08%
- Itochu Corp 0.07%
- Keppel Corp Ltd 0.07%
- Marubeni Corp 0.07%
- Public Service Enterprise Group 0.07%
- Ck Hutchison Holdings Ltd 0.06%
- Constellation Energy Group 0.06%
- Dte Energy Company 0.06%
- Engie 0.06%
- Rwe AG 0.06%
- Aes Corp 0.05%
- Ameren Corporation 0.05%
- Entergy Corp 0.05%
- Ppl Corporation 0.05%
- Sumitomo Corp 0.05%
- Alliant Energy Corp 0.04%
- Atmos Energy Corp 0.04%
- Cms Energy Corp 0.04%
- Evergy Inc 0.04%
- Fortis Inc 0.04%
- Edp-Energias De Portugal SA 0.03%
- Jardine Matheson Hldgs Ltd 0.03%
- Loews Corp 0.03%
- Nisource Inc 0.03%
- Vistra Corp 0.03%
- Arcelormittal 0.02%
- Clp Holdings Ltd 0.02%
- Delta Air Lines Inc 0.02%
- Emera Inc 0.02%
- Kansai Electric Power Co Inc 0.02%
- Naturgy Energy Group S.A. 0.02%
- Nippon Steel Corp 0.02%
- Nippon Yusen Kk 0.02%
- Nrg Energy Inc 0.02%
- Oci 0.02%
- Osaka Gas Co Ltd 0.02%
- Tokyo Gas Co Ltd 0.02%
- Ugi Corp 0.02%
- Ck Asset Holdings Ltd 0.01%
- Ck Infrastructure Holdings Ltd 0.01%
- Enagas SA 0.01%
- Endesa SA 0.01%
- Eqt Ab 0.01%
- Hong Kong and China Gas Company 0.01%
- Mitsui Osk Lines Ltd 0.01%
- Northland Power Inc 0.01%
- Power Assets Holdings Ltd 0.01%
- Sumitomo Chemical Co Ltd 0.01%
Weapons
- Heico Corp 0.23%
- Transdigm Group Inc 0.19%
- Kongsberg Gruppen Asa 0.12%
- Mtu Aero Engines AG 0.07%
- Amphenol Corp-Cl A 0.05%
- Icl Group Ltd 0.04%
- Booz Allen Hamilton Holdings 0.03%
- Rheinmetall AG 0.03%
- Rolls-Royce Holdings PLC 0.03%
- Jfe Holdings Inc 0.01%
Tobacco
- Alimentation Couche-Tard Inc 0.13%
Gambling
- Vici Properties Inc 0.07%
- Las Vegas Sands Corp 0.04%
- Mgm Resorts International 0.04%
- Evolution Ab 0.03%
- Flutter Entertainment PLC 0.03%
- Galaxy Entertainment Group L 0.03%
- Gaming and Leisure Properties Inc 0.03%
- Wynn Resorts Ltd 0.03%
- Caesars Entertainment Inc 0.02%
- Entain PLC 0.02%
- Sands China Ltd 0.02%
- Genting Singapore Ltd 0.01%
- La Francaise Des Jeux Saem 0.01%
Adult Entertainment/Pornography
- Mgm Resorts International 0.04%
- Caesars Entertainment Inc 0.02%
Alcohol
- Diageo PLC 0.32%
- Constellation Brands Inc-A 0.19%
- Anheuser-Busch Inbev SA/Nv 0.16%
- Brown-Forman Corp-Class B 0.12%
- Pernod-Ricard SA 0.12%
- Kirin Holdings Co Ltd 0.08%
- Heineken Nv 0.06%
- Molson Coors Beverage Co 0.05%
- Asahi Group Holdings Ltd 0.04%
- Budweiser Brewing Co Apac Ltd 0.04%
- Carlsberg As-B 0.04%
- Davide Campari-Milano Nv 0.02%
- Heineken Holding Nv 0.02%
- Remy Cointreau 0.02%
Palm Oil
- Wilmar International Ltd 0.02%
GMOs
- Corteva Inc 0.13%
Human Rights & Environmental Violations
- Johnson & Johnson 0.98%
- Meta Platforms Inc 0.69%
- Nestle SA-Reg 0.68%
- Thermo Fisher Scientific Inc 0.44%
- Catterpillar Inc 0.22%
- Glencore PLC 0.21%
- Duke Energy Corp 0.18%
- Rio Tinto PLC 0.18%
- Activision Blizzard Inc 0.13%
- Corteva Inc 0.13%
- Freeport-Mcmoran Inc 0.13%
- Archer-Daniels-Midland Co 0.12%
- Bayer AG-Reg 0.12%
- Nutrien Ltd 0.12%
- Basf Se 0.09%
- Uber Technologies Inc 0.09%
- Motorola Solutions Inc 0.07%
- Barrick Gold Corp 0.05%
- Fmc Corp 0.04%
- Bank Leumi Le-Israel 0.03%
- Credit Suisse Group AG-Reg 0.03%
- Bank Hapoalim Bm 0.02%
- Israel Discount Bank-A 0.02%
- Mizrahi Tefahot Bank Ltd 0.02%
- Nissan Chemical Corp 0.02%
- Wilmar International Ltd 0.02%
- Pan American Silver Corp 0.01%
Animal Cruelty
- Procter & Gamble Co 0.71%
- Nestle SA-Reg 0.68%
- Coca-Cola Co 0.55%
- Pepsico Inc 0.52%
- LVMH Moet Hennessy Vuitton ( Se ) 0.38%
- Unilever PLC 0.26%
- Constellation Brands Inc-A 0.19%
- L'Oreal 0.19%
- Mondelez International - W/I 0.18%
- 3M Co 0.15%
- Air Liquide-Prime Fidelite Regd 0.15%
- Colgate-Palmolive Company 0.13%
- Corteva Inc 0.13%
- Estee Lauder Companies-Cl A 0.13%
- Archer-Daniels-Midland Co 0.12%
- Bayer AG-Reg 0.12%
- Nutrien Ltd 0.12%
- General Mills Inc 0.11%
- Mitsubishi Corp 0.11%
- Sherwin-Williams Co 0.11%
- Dow Inc 0.10%
- Basf Se 0.09%
- Ecolab Inc 0.09%
- Albemarle Corp 0.08%
- Kering SA 0.08%
- Kimberly-Clark Corp 0.08%
- Daikin Industries Ltd 0.07%
- Groupe Danone 0.07%
- PPG Industries Inc 0.07%
- Mosaic Co 0.06%
- Yara International Asa 0.06%
- Canon Inc 0.05%
- Denso Corp 0.05%
- Hermes International 0.05%
- Molson Coors Beverage Co 0.05%
- Tyson Foods Inc-Cl A 0.05%
- Asahi Group Holdings Ltd 0.04%
- Fmc Corp 0.04%
- Fujifilm Holdings Corp 0.04%
- Icl Group Ltd 0.04%
- Koninklijke Ahold Delhaize Nv 0.04%
- Koninklijke Dsm Nv 0.04%
- Tesco PLC 0.04%
- Ajinomoto Co Inc 0.03%
- Avantor Inc 0.03%
- Burberry Group PLC 0.03%
- Campbell Soup Co 0.03%
- Celanese Corp-Series A 0.03%
- Church & Dwight Co Inc 0.03%
- Croda International PLC 0.03%
- Eastman Chemical Co 0.03%
- Hormel Foods Corp 0.03%
- Kao Corp 0.03%
- Novozymes A/S-B Shares 0.03%
- Otsuka Holdings Co Ltd 0.03%
- Rentokil Initial PLC 0.03%
- Rpm International Inc 0.03%
- Shiseido Co Ltd 0.03%
- Associated British Foods PLC 0.02%
- Clorox Company 0.02%
- Dcc PLC 0.02%
- Entegris Inc 0.02%
- Groupe Bruxelles Lambert SA 0.02%
- Intertek Group PLC 0.02%
- Kikkoman Corp 0.02%
- Mitsubishi Chemical Group Corp 0.02%
- Mowi Asa 0.02%
- Nissan Chemical Corp 0.02%
- Solvay SA 0.02%
- Symrise AG 0.02%
- Umicore SA 0.02%
- Westlake Corporation 0.02%
- Wilmar International Ltd 0.02%
- Arkema 0.01%
- Beiersdorf AG 0.01%
- Chr Hansen Holding A/S 0.01%
- Clariant AG-Reg 0.01%
- Covestro AG 0.01%
- Ems-Chemie Holding AG-Reg 0.01%
- Evonik Industries AG 0.01%
- Henkel AG & Co Kgaa 0.01%
- Henkel AG & Co Kgaa Vorzug 0.01%
- Johnson Matthey PLC 0.01%
- Kose Corp 0.01%
- Mitsui Chemicals Inc 0.01%
- Nippon Paint Holdings Co Ltd 0.01%
- Orkla Asa 0.01%
- Ricoh Co Ltd 0.01%
- Seiko Epson Corp 0.01%
- Sgs SA-Reg 0.01%
- Sumitomo Chemical Co Ltd 0.01%
- Swatch Group AG -Br 0.01%
- Tosoh Corp 0.01%
- Wendel 0.01%
- Weston (George) Ltd 0.01%
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. 2022 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 provide exposure to a portfolio of international equities. The number of years with negative returns are expected to be greater than for funds in the ASB Investment Funds which predominantly invest in income assets.
The World Shares Fund invests in a target investment mix of 100% growth assets.
| Value | $710M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 25th Oct. 2007 |
| Total annual fund fees | 1.24% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.2% |
| Other management and administration charges | 0.04% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Nigel Annett |
Currently: Investment Committee member (8 years, 9 months) |
|
Adam Boyd |
Currently: Investment Committee member (6 years, 7 months) |
|
Graeme Edwards |
Currently: Investment Committee Chairman (3 years, 2 months) |
|
Stephen Moir |
Currently: Investment Committee member (1 years, 11 months) |
|
John Smith |
Currently: Investment Committee member (11 years, 7 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.06% | |
| Alcohol | 1.28% | |
| Animal Cruelty | 7.39% | |
| Fossil Fuels | 7.74% | |
| Gambling | 0.38% | |
| GMOs | 0.13% | |
| Human Rights & Environmental Violations | 4.84% | |
| Palm Oil | 0.02% | |
| Tobacco | 0.13% | |
| Weapons | 0.80% |
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. 2022 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.
Note that many
funds exclude controversial weapons. However, the category of Weapons used in
this analysis is broader in scope, covering all munitions, firearms and
military weapons. Similarly Mindful Money uses a broader scope for fossil fuels
than the government’s rules for default KiwiSaver funds. The full definitions
used in the Mindful Money analysis are here.
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 |
|---|---|---|
| 2022 | 3.19% | 8.06% |
| 2021 | 36.07% | 37.79% |
| 2020 | -7.33% | -9.15% |
| 2019 | 10.16% | 5.7% |
| 2018 | 7.53% | 9.44% |
| 2017 | 9.49% | 15.65% |
| 2016 | 4.71% | -0.47% |
| 2015 | 14.67% | 19.6% |
| 2014 | 10.13% | 13.94% |
| 2013 | 13.93% | 7.92% |
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 31st Dec. 2022.
Top 10 Investments
-
Apple Inc
United States International Equities4.29% -
Microsoft Corporation
United States International Equities3.49% -
ASB Bank Account NZD
New Zealand Cash and Equivalents A-1+1.58% -
Amazon Com Inc
United States International Equities1.58% -
Alphabet Inc - Class A
United States International Equities1.09% -
Unitedhealth Group Inc
United States International Equities1.02% -
Alphabet Inc - Class C
United States International Equities1.01% -
Johnson & Johnson
United States International Equities0.96% -
Berkshire Hathaway Inc - Class B
United States International Equities0.84% -
Jp Morgan Chase & Co
United States International Equities0.81%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.0% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 100.0% | 100.0% |
| 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 31st Dec. 2022.