Most Kiwis want to avoid weapons in their KiwiSaver or Investment funds. Here are weapons-free options.
Cut ties with Weapons Investment
80% of Kiwis don’t want firearms, cluster bombs, nuclear weapons or other military weapons in their KiwiSaver or other investment fund. A growing number of investors recognise the massive human suffering and environmental damage that results from weapons and choose not to invest in weapons producers.
In 2016, after a public outcry, many KiwiSaver providers excluded manufacturers of cluster bombs and landmines. In the wake of the Christchurch shootings, some have excluded firearms, such as semi-automatic weapons. But these exclusions are narrowly-drawn categories. For many investors, the issue is broader. They don’t want their KiwiSaver fund to include any companies that make profits from weapons manufacturers.
From Mindful Money's analysis of fund investments at end March 2025, $338 million of KiwiSaver money and $328 million of retail investments was invested in companies involved in the manufacture of weapons.
The proportion of weapons in overall investment has risen significantly over the past year, with many investors unwittingly investing in companies that produce nuclear weapons, firearms or other weapons categories.
What does Weapons Free mean?
Weapons free means no investments in the following:
Nuclear Weapons – Where companies are involved in the manufacturing or sale of nuclear weapons or components or services thereof.
Controversial Weapons - Where companies are involved in the manufacturing or retail of controversial weapons (e.g., landmines and cluster munitions) or components or services thereof.
Firearms - Where companies are involved in the manufacturing or retail of firearms, including guns, rifles, pistols, or components or services thereof.
Military Weapons - Where companies derive >10% of revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.
Read more about our methodology for identifying weapons companies here.
KiwiSaver & Investment Funds free from Weapons
The following is a list of the funds that have fully excluded weapons from their portfolio (Mindful Money measures the level of investment down to 0.01% of the portfolio).
Note: the list focuses on funds that are invested globally and avoid weapons. In addition to these funds, Australasian-focused funds are not invested in weapons since there are no major listed weapons companies in NZ and Australia. The list includes only aggressive, growth or balanced funds that have at least 35% in equities. There are other weapons free funds beyond these requirements - use the Fund Checker to be sure.
KiwiSaver Funds free from Weapons (based on March 2025 data)
AE KiwiSaver Plan
AMP KiwiSaver Milford Active Growth Fund
Booster KiwiSaver Default Saver Fund
Booster KiwiSaver Socially Responsible Balanced Fund
Booster KiwiSaver Socially Responsible Geared Growth Fund
Booster KiwiSaver Socially Responsible Growth Fund
Booster KiwiSaver Socially Responsible High Growth Fund
Booster KiwiSaver Socially Responsible Moderate Fund
Fisher Funds KiwiSaver Plan Aggressive Fund
Fisher Funds KiwiSaver Plan Default Fund
Fisher Funds KiwiSaver Plan GlidePath Age 25
Fisher Funds KiwiSaver Plan GlidePath Age 40
Fisher Funds KiwiSaver Plan Growth Fund
Fisher Funds KiwiSaver Scheme GlidePath Age 30
Fisher Funds KiwiSaver Scheme Growth Fund
Fisher Funds Two KiwiSaver Scheme Equity Fund
Fisher Funds Two KiwiSaver Scheme GlidePath Age 25
Fisher Funds Two KiwiSaver Scheme GlidePath Age 40
Fisher Funds Two KiwiSaver Scheme Growth Fund
Goalsgetter KiwiSaver Harbour Sustainable Impact Fund
Goalsgetter KiwiSaver Milford Active Growth Fund
Goalsgetter KiwiSaver Pathfinder Ethical Growth Fund
Goalsgetter KiwiSaver Salt Sustainable Growth Fund
InvestNow KiwiSaver Fisher Funds Growth Fund
InvestNow KiwiSaver Milford Active Growth Fund
InvestNow KiwiSaver Mint Diversified Growth Fund
InvestNow KiwiSaver Pathfinder Ethical Growth Fund
Investnow KiwiSaver Salt Sustainable Growth Fund
Kernel KiwiSaver S&P Kensho Moonshots Innovation Fund
Kōura KiwiSaver Emerging Markets Equities Fund
NZ Funds KiwiSaver Balanced Fund
NZ Funds KiwiSaver Inflation Strategy
Pathfinder KiwiSaver Balanced Fund
Pathfinder KiwiSaver Growth Fund
Pathfinder KiwiSaver High Growth Fund
QuayStreet KiwiSaver Altum Fund
QuayStreet KiwiSaver Socially Responsible Investment Fund
Sharesies KiwiSaver Pathfinder Ethical Growth Fund
Investment Funds free from Weapons (based on March 2025 data)
AE Investor
AMP Emerging Markets Fund
Aspiring Fund
Betashares Global Sustainability Leaders Fund
Betashares Global Sustainability Leaders Fund (NZD Hedged)
Booster Socially Responsible Balanced Fund
Booster Socially Responsible Growth Fund
Booster Socially Responsible High Growth Fund
Booster Socially Responsible Moderate Fund
Booster Wealth Balanced Fund
Booster Wealth Geared Growth Fund
Booster Wealth Growth Fund
Booster Wealth High Growth Fund
Booster Wealth Moderate Fund
Castle Point Ranger Fund
Clarity Dividend Yield Fund
Devon Global Sustainability Fund
Elevation Capital Global Shares Fund
Epoch Global Quality Select Equity (Hedged) Fund
Epoch Global Quality Select Equity Fund
Fisher Funds Global Fund
Fisher Funds Growth Fund
Fisher Funds International Growth Fund
Fisher Funds Investment Balanced Fund
Fisher Funds Investment Growth Fund
Fisher Funds Lifesaver Equity Fund
Fisher Funds Lifesaver Growth Fund
Fisher Funds Premium International Fund
Forsyth Barr Global Sustainability Fund
Forsyth Barr Global Value Fund
Harbour Income Fund
Hyperion Global Growth Companies PIE Fund
Kernel S&P Kensho Moonshots Innovation Fund
Lighthouse Global Equity Fund
Mercer Income Generator Fund
Milford Active Growth Fund
Milford Diversified Income Fund
Milford Dynamic Fund
Mint Diversified Growth Fund
Nikko AM Concentrated Equity Fund
Nikko AM Core Equity Fund
NZ Funds Global Macro
NZ Funds Income Generator
NZ Funds Wealth Builder - Inflation Strategy
Octagon Income Fund
OneAnswer SAC Equity Selection Fund
Pathfinder Ethical Growth Fund
Pathfinder Global Responsibility Fund
Pathfinder Global Water Fund
Pie Growth UK & Europe Fund
QuayStreet Altum Fund
QuayStreet Socially Responsible Investment Fund
Salt Sustainable Global Shares Fund
Salt Sustainable Growth Fund
Salt Sustainable Income Fund
Smart Automation and Robotics ETF
Stewart Investors Worldwide Leaders Sustainability Fund
Want to know more?
Check out our seminar on Getting our Money out of Nuclear Weapons
You can find all our articles on weapons free investing here.
