Funds
AMP Emerging Markets 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
- Saudi Electricity Co Sjsc 0.11%
- Gulf Energy Development Pcl 0.08%
- Enel Americas SA 0.05%
- Mytilineos SA 0.04%
- Qatar Electricty and Water Co Qsc 0.04%
- Citic Securities Co Ltd 0.03%
- Lg Uplus Corp 0.03%
- Hengli Petrochemical Co Ltd 0.02%
Weapons
- Wal Mart De Mexico 0.37%
Tobacco
- Eve Energy Co Ltd 0.03%
Gambling
- Opap SA 0.04%
- Genting Malaysia Bhd 0.03%
- Kangwon Land Inc 0.03%
Alcohol
- Weichow Moutai Co Ltd 0.50%
- Ambev SA Com Npv 0.27%
- Tsingtao Brewery Company Limited 0.16%
- Wuliangye Yibin Co Ltd 0.16%
- Luzhou Laojiao Co Ltd 0.06%
- Shanxi Xinghuacun Fen Wine Factory Co Ltd 0.06%
- Jiangsu Yanghe Brewery Joint Stock Co Ltd 0.04%
- Anhui Gujing Distillery Co Ltd 0.02%
- Compania Cervecerias Unidas SA 0.01%
- Jiangsu Kings Luck Brewery Joint Stock Co Ltd 0.01%
- Tsingtao Brewery Co Ltd 0.01%
Human Rights & Environmental Violations
- Li Ning Co Ltd 0.46%
- Centrais Electricas Brasileiras SA 0.16%
- Jbs SA 0.08%
- Southern Copper Corporation 0.08%
- Posco Chemical Co Ltd 0.05%
- Centrais Eletricas Brasileiras SA 0.04%
- Hyundai Engineering & Construction 0.04%
- China Traditional Chinese Medicine Co Ltd 0.02%
- Top Glove Corporation Bhd 0.02%
- Yunnan Baiyao Group Co Ltd 0.02%
- Zte Corp-H 0.02%
- Zte Corp 0.01%
Animal Cruelty
- Ping An Insurance Group Of China Limited 0.72%
- Petronas Chemicals Group Bhd 0.09%
- Jbs SA 0.08%
- Ping An Insurance Group Co Of China Ltd 0.08%
- Sahara International Petrochemical Co Sjsc 0.08%
- Almarai Company Sjsc 0.07%
- Hengan International Group Company Limit 0.06%
- China Feihe Ltd 0.05%
- Cj Cheikjedang Corp 0.05%
- Kimberly Clark De Mexico A 0.05%
- Unilever Indonesia Idr2 0.05%
- Wanhua Chemical Group Co Ltd 0.05%
- Amorepacific Corp 0.04%
- Inner Mongolia Yili Industrial Group Co Ltd 0.04%
- Lotte Chemical Corporation 0.04%
- Nestle Malaysia Berhad 0.04%
- Saudi Industrial Investment Group Sjsc 0.04%
- Tongwei Co Ltd 0.04%
- Braskem SA 0.03%
- Dongyue Group Ltd Hkd0.1 0.03%
- Kumho Petro Chemical Co Ltd 0.03%
- Turk Sise Ve Cam Fabrikalari As 0.03%
- Turkiye Is Bankasi-C 0.03%
- Win Semiconductors Corp 0.03%
- Guangdong Haid Group Co Ltd 0.02%
- Guangzhou Tinci Materials Technology Co Ltd 0.02%
- Skc Ltd 0.02%
- Angel Yeast Co Ltd 0.01%
- Cj Corporation 0.01%
- New Hope Liuhe Co Ltd 0.01%
- Yunnan Botanee Bio-Technology Group Co Ltd 0.01%
- Zhejiang Nhu Co 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
This is a single sector fund which has exposure to a selection of international company securities in developing markets in a diversified equity portfolio. The fund aims to achieve long term capital growth and high returns through exposure to equities of companies listed on stock exchanges of developing economies around the world.
| Value | $910k NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 11th March 1999 |
| Total annual fund fees | 2.19% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.88% |
| Other management and administration charges | 0.31% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Jeffery Darren Ruscoe |
Currently: Investment Committee
Member (3 years, 9 months) |
|
Mark David Ennis |
Currently: Investment Committee
Member (2 years, 5 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 | 0.00% | |
| Alcohol | 1.35% | |
| Animal Cruelty | 2.00% | |
| Fossil Fuels | 0.40% | |
| Gambling | 0.10% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 1.02% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.03% | |
| Weapons | 0.37% |
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% | -13.4% |
| 2021 | 36.07% | 32.66% |
| 2020 | -7.33% | -9.97% |
| 2019 | 10.16% | -5.33% |
| 2018 | 7.53% | 16.35% |
| 2017 | 9.49% | 13.31% |
| 2016 | 4.71% | -5.66% |
| 2015 | 14.67% | 7.59% |
| 2014 | 10.13% | -8.02% |
| 2013 | 13.93% | -6.78% |
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
-
BNP USD Account
United States Cash and Equivalents11.61% -
Taiwan Semiconductor Manufacturing Company Ltd
Taiwan, Province of China International Equities7.02% -
Samsung Electronics Co Ltd
Korea, Republic of International Equities4.07% -
Alibaba Group Holding Ltd
China International Equities3.2% -
Meituan
China International Equities1.93% -
Jd.Com, Inc
Cayman Islands International Equities1.19% -
China Construction Bank Corp
China International Equities1.17% -
Ping An Insurance Company Of China Ltd
China International Equities0.82% -
Pinduoduo Inc
Cayman Islands International Equities0.81% -
Al Rajhi Banking and Investment Corporation Sjsc
Saudi Arabia International Equities0.77%
| 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.