News & Updates
KiwiSaver funds still have exposure to nuclear weapons industry
Thu Oct. 24th 2019
Mindful Money research shows some KiwiSaver funds still invested in nuclear weapons
By Rob Stock in Stuff 24 October 2019
Barry Coates, founder of Mindful Money, says its research showed that not only were KiwiSaver funds ANZ, ASB, AMP, BNZ, Kiwi Wealth and Westpac exposed to nuclear weapons investments, but so too were default funds, including those of Westpac, AMP, ANZ and Kiwi Wealth. The total exposure across the nearly $60 billion of KiwiSaver funds was just over $130 million with Coates saying the government should ban KiwiSaver default funds investing in companies profiting from nuclear arms.