Funds

Mercer Emerging Markets Shares Fund

Total Ethical Concerns: 6.40%

The average total concerns of all managed aggressive funds is 12.02%.

Companies of Concern

  • Animal Cruelty 0.46%

    • Jbs S.A.
      0.15%
      0.15%
    • Sabic
      0.14%
      0.14%
    • Ultrapar Participaçoes SA
      0.09%
      0.09%
    • Nan Pao Resins Chemical Co. Ltd.
      0.05%
      0.05%
    • Astra Industrial Group
      0.02%
      0.02%
    • Sahara International Petrochemical Co.
      0.02%
      0.02%
  • Human Rights Violations 1.8%

    • Petrobras
      0.53%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.53%
    • Zijin Mining
      0.42%
      0.42%
    • Petrochina Co Ltd
      0.37%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.37%
    • Saudi Aramco
      0.36%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.36%
    • Mtn Group Limited
      0.10%
      0.10%
    • China State Construction Engineering
      0.02%
      0.02%
  • Social Harm 0.66%

  • Fossil Fuels 3.42%

    • Petrobras
      0.53%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.53%
    • BHP
      0.50%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.50%
    • Petrochina Co Ltd
      0.37%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.37%
    • Saudi Aramco
      0.36%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.36%
    • Pt Astra International Tbk
      0.33%
      0.33%
    • Vale SA
      0.25%
      0.25%
    • Enn Clean Energy International Investment Ltd.
      0.18%
      0.18%
    • Petron Corp.
      0.15%
      0.15%
    • Hd Hyundai Co., Ltd.
      0.14%
      0.14%
    • Acwa Power
      0.13%
      0.13%
    • Pt Aneka Tambang Tbk
      0.12%
      0.12%
    • Hanwha Corp.
      0.11%
      0.11%
    • Koç Holding A.S.
      0.05%
      0.05%
    • Samsung C&T Corp.
      0.04%
      0.04%
    • Qatar Gas Transport Co.
      0.03%
      0.03%
    • Qatar Navigation Qpsc
      0.03%
      0.03%
    • Saudi Electricity Company (Sec)
      0.03%
      0.03%
    • Tsakos Energy Navigation Ltd.
      0.03%
      0.03%
    • National Gas & Industrialization Co.
      0.02%
      0.02%
    • Qatar Electricity & Water Co.
      0.02%
      0.02%
  • Weapons 0.28%

    • Hanwha Corp.
      0.11%
      0.11%
    • Hanwha Aerospace Co., Ltd.
      0.06%
      0.06%
    • Hyundai Heavy Industries Co., Ltd.
      0.06%
      0.06%
    • Embraer SA
      0.05%
      0.05%
    • Hyundai Rotem Co.
      0.01%
      0.01%
  • Environmental Harm 2.81%

    • 0.73%
    • BHP
      0.50%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.50%
    • Zijin Mining
      0.42%
      0.42%
    • Pt Astra International Tbk
      0.33%
      0.33%
    • Vale SA
      0.25%
      0.25%
    • Yunnan Baiyao Group Co Ltd
      0.25%
      0.25%
    • Jbs S.A.
      0.15%
      0.15%
    • 0.13%
    • Marfrig Global Foods SA
      0.04%
      0.04%
    • Astra Industrial Group
      0.02%
      0.02%

From the Fund Provider

  • About this fund

    About this Fund

    The fund invests in shares listed on share markets in emerging economies. The portfolio is managed using a single manager. Environmental, Social and Governance characteristics are integrated into the underlying investment managers’ investment processes. The fund aims to provide a Gross Return above the MSCI Emerging Market ex Tobacco Index with net dividends reinvested (in NZD) on a rolling three to five-year basis.

    Value $6.28M NZD
    Period of data report 31st March 2025
    Fund started 1st Nov. 2007
    Total annual fund fees 2.05%
    Total performance based fees 0.0%
    Manager's basic fee 1.25%
    Other management and administration charges 0.8%
    Total other charges 0.0
    Total other charges currency NZD

    Ross Butler

    Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
    Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

    Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (16 years, 1 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

    Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 5 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

    Padraig Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (2 years, 10 months)
    Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

    Robert Kavanagh

    Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (11 years, 0 months)
    Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 4.07% 10.1%
    2024 15.78% 8.81%
    2023 -4.85% -5.33%
    2022 3.53% -11.94%
    2021 35.55% 31.96%
    2020 -7.06% -6.86%
    2019 10.17% -4.97%
    2018 7.53% 19.67%
    2017 9.49% 13.94%
    2016 4.71% -7.18%

    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 March 2025.

  • Investments

    Top 10 Investments

    • Taiwan Semiconductor Manufacturing Company Limited

      Taiwan, Province of China International Equities

      8.53%
    • Tencent Holdings Limited

      China International Equities

      5.4%
    • Ishares Msci Saudi Arabia ETF

      United States International Equities

      3.48%
    • Alibaba Group Holding Limited

      China International Equities

      3.45%
    • Samsung Electronics Company Limited

      Korea, Republic of International Equities

      2.83%
    • Xiaomi Corporation

      Cayman Islands International Equities

      1.48%
    • Meituan

      China International Equities

      1.33%
    • China Construction Bank

      China International Equities

      1.23%
    • Mediatek Inc

      Taiwan, Province of China International Equities

      1.21%
    • Byd Company Limited

      China International Equities

      1.13%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 0.91%
    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% 99.09%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 0.46% Animal Cruelty
  • 1.8% Human Rights Violations
  • 0.66% Social Harm
  • 3.42% Fossil Fuels
  • 0.28% Weapons
  • 2.81% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Jbs S.A.
      0.15%
      0.15%
    • Sabic
      0.14%
      0.14%
    • Ultrapar Participaçoes SA
      0.09%
      0.09%
    • Nan Pao Resins Chemical Co. Ltd.
      0.05%
      0.05%
    • Astra Industrial Group
      0.02%
      0.02%
    • Sahara International Petrochemical Co.
      0.02%
      0.02%
  • Human Rights Violations

    • Petrobras
      0.53%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.53%
    • Zijin Mining
      0.42%
      0.42%
    • Petrochina Co Ltd
      0.37%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.37%
    • Saudi Aramco
      0.36%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.36%
    • Mtn Group Limited
      0.10%
      0.10%
    • China State Construction Engineering
      0.02%
      0.02%
  • Fossil Fuels

    • Petrobras
      0.53%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.53%
    • BHP
      0.50%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.50%
    • Petrochina Co Ltd
      0.37%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.37%
    • Saudi Aramco
      0.36%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.36%
    • Pt Astra International Tbk
      0.33%
      0.33%
    • Vale SA
      0.25%
      0.25%
    • Enn Clean Energy International Investment Ltd.
      0.18%
      0.18%
    • Petron Corp.
      0.15%
      0.15%
    • Hd Hyundai Co., Ltd.
      0.14%
      0.14%
    • Acwa Power
      0.13%
      0.13%
    • Pt Aneka Tambang Tbk
      0.12%
      0.12%
    • Hanwha Corp.
      0.11%
      0.11%
    • Koç Holding A.S.
      0.05%
      0.05%
    • Samsung C&T Corp.
      0.04%
      0.04%
    • Qatar Gas Transport Co.
      0.03%
      0.03%
    • Qatar Navigation Qpsc
      0.03%
      0.03%
    • Saudi Electricity Company (Sec)
      0.03%
      0.03%
    • Tsakos Energy Navigation Ltd.
      0.03%
      0.03%
    • National Gas & Industrialization Co.
      0.02%
      0.02%
    • Qatar Electricity & Water Co.
      0.02%
      0.02%
  • Weapons

    • Hanwha Corp.
      0.11%
      0.11%
    • Hanwha Aerospace Co., Ltd.
      0.06%
      0.06%
    • Hyundai Heavy Industries Co., Ltd.
      0.06%
      0.06%
    • Embraer SA
      0.05%
      0.05%
    • Hyundai Rotem Co.
      0.01%
      0.01%
  • Environmental Harm

    • 0.73%
    • BHP
      0.50%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.50%
    • Zijin Mining
      0.42%
      0.42%
    • Pt Astra International Tbk
      0.33%
      0.33%
    • Vale SA
      0.25%
      0.25%
    • Yunnan Baiyao Group Co Ltd
      0.25%
      0.25%
    • Jbs S.A.
      0.15%
      0.15%
    • 0.13%
    • Marfrig Global Foods SA
      0.04%
      0.04%
    • Astra Industrial Group
      0.02%
      0.02%

About this Fund

The fund invests in shares listed on share markets in emerging economies. The portfolio is managed using a single manager. Environmental, Social and Governance characteristics are integrated into the underlying investment managers’ investment processes. The fund aims to provide a Gross Return above the MSCI Emerging Market ex Tobacco Index with net dividends reinvested (in NZD) on a rolling three to five-year basis.

Value $6.28M NZD
Period of data report 31st March 2025
Fund started 1st Nov. 2007
Total annual fund fees 2.05%
Total performance based fees 0.0%
Manager's basic fee 1.25%
Other management and administration charges 0.8%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (16 years, 1 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 5 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Padraig Brown

Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (2 years, 10 months)
Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

Robert Kavanagh

Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (11 years, 0 months)
Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 4.07% 10.1%
2024 15.78% 8.81%
2023 -4.85% -5.33%
2022 3.53% -11.94%
2021 35.55% 31.96%
2020 -7.06% -6.86%
2019 10.17% -4.97%
2018 7.53% 19.67%
2017 9.49% 13.94%
2016 4.71% -7.18%

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 March 2025.

Top 10 Investments

  • Taiwan Semiconductor Manufacturing Company Limited

    Taiwan, Province of China International Equities

    8.53%
  • Tencent Holdings Limited

    China International Equities

    5.4%
  • Ishares Msci Saudi Arabia ETF

    United States International Equities

    3.48%
  • Alibaba Group Holding Limited

    China International Equities

    3.45%
  • Samsung Electronics Company Limited

    Korea, Republic of International Equities

    2.83%
  • Xiaomi Corporation

    Cayman Islands International Equities

    1.48%
  • Meituan

    China International Equities

    1.33%
  • China Construction Bank

    China International Equities

    1.23%
  • Mediatek Inc

    Taiwan, Province of China International Equities

    1.21%
  • Byd Company Limited

    China International Equities

    1.13%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.91%
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% 99.09%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.