Get a Weapons Free Fund

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 2024, $240 million of KiwiSaver money and $248 million of retail investments was invested in companies involved in the manufacture of weapons.

Although the proportion of weapons in overall investment has fallen, many investors are 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 them from their portfolio (Mindful Money measures the level of investment down to 0.01% of the portfolio).

Funds that can show they have no investment in weapons can now use our new weapons free badge. Look for the badge above to be certain of who is putting their money where their mouth is.

KiwiSaver Funds free from Weapons (based on March 2024 data)

• AE KiwiSaver Plan
• ASB Positive Impact Fund
• Booster Socially Responsible Balanced Fund
• Booster Socially Responsible Geared Growth Fund
• Booster Socially Responsible Growth Fund
• Booster Socially Responsible High Growth Fund
• Fisher Funds KiwiSaver Plan Default
• Fisher Funds Two Growth Fund
• InvestNow Clarity Global Shares Fund
• InvestNow Mercer Ethical Leaders Balanced Fund
• InvestNow Mint Diversified Growth Fund
• InvestNow Pathfinder Ethical Growth Fund
• JMI Wealth KiwiSaver Growth Fund
• Kernel KiwiSaver Global ESG (NZD Hedged) Fund
• Kernel KiwiSaver Global ESG Fund
• Kernel KiwiSaver S&P Global Clean Energy Fund
• Kernel KiwiSaver S&P Kensho Moonshots Innovation Fund
• Koura KiwiSaver Clean Energy Fund
• Maritime Growth Portfolio
• Mercer Sustainable Plus Balanced Fund
• Nikko AM Ark Disruptive Innovation Fund
• NZ Funds Balanced Fund
• OneAnswer Sustainable International Share Fund
• Pathfinder KiwiSaver Balanced Fund
• Pathfinder KiwiSaver Growth Fund
• QuayStreet Socially Responsible Investment Fund
• Sharesies Pathfinder Ethical Growth Fund

Investment Funds free from Weapons (based on March 2024 data)

• AE Investor
• AMP Emerging Markets Fund
• Aspiring Fund
• Artesian Green and Sustainable Bond Fund
• ASB Positive Impact Fund
• BetaShares Global Sustainability Leaders Fund
• BNZ Private Wealth Series International Fixed Interest Fund
• Booster Socially Responsible Balanced Fund
• Booster Socially Responsible Growth Fund
• Booster Socially Responsible High Growth Fund
• Clarity Global Shares Fund
• Devon Dividend Yield Fund
• Devon Global Sustainability Fund
• Elevation Capital Global Shares Fund
• Fisher Funds International Growth Fund
• Fisher Funds Premium International Fund
• Hyperion Global Growth Companies Pie Fund
• Kernel Global ESG (NZD Hedged) Fund
• Kernel Global ESG Fund
• Kernel S&P Global Clean Energy Fund
• Kernel S&P Kensho Moonshots Innovation Fund
• MAS Aggressive Fund
• MAS Balanced Fund
• MAS Growth Fund
• Mercer Emerging Markets Shares Fund
• Mercer Ethical Leaders Balanced Fund
• Mercer Ethical Leaders Global Shares Fund
• Mercer Ethical Leaders Growth Fund
• Milford Global Corporate Bond Fund
• Mint Diversified Growth Fund
• Nikko AM Ark Disruptive Innovation Fund
• Pathfinder Ethical Growth Fund
• Pathfinder Global Responsibility Fund
• Pathfinder Global Water Fund
• Pathfinder Green Bond Fund
• Pie Fixed Income Fund
• Pie Global Growth Fund
• Pie Growth UK & Europe Fund
• QuayStreet Socially Responsible Investment Fund
• Salt Sustainable Global Shares Fund
• Salt Sustainable Growth Fund
• Schroder Sustainable Global Core PIE Fund
• Schroder Sustainable Global Core PIE Fund (hedged)
• Simplicity Hedged Global Bond Fund
• Smartshares Automation and Robotics ETF
• Smartshares Global Aggregate Bond ETF
• Stewart Investors Worldwide Leaders Sustainability Fund
• Superlife Invest Global Aggregate Bond Fund
• Tempo Diversity and Inclusion Fund
• Whai Rawa Mataī - Balanced Fund

Please note, the above listing focuses on funds that are invested globally and avoid weapons. In addition to the above, Australasian-focused funds are not invested in weapons since there are no major listed weapons companies in NZ and Australia.

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.