ASB adds impact to its fund range

The decision to launch the funds was based off an increasing demand from customers who want to put their savings to work to give the world a better future, but still want solid long term returns.

ASB’s executive general manager private banking, wealth and insurance Adam Boyd says, “these funds are a great option for those who want more than our broader approach to responsible investment and are willing to accept a different financial outcome as a result. This means our customers can choose to have their values play a larger role in determining where their money is being invested.”

“Because everyone has different ideas about what is and is not responsible, it’s important to offer choice. That’s why we decided to offer these funds alongside our already available KiwiSaver and ASB investment options. The ASB Positive Impact Funds are designed for those who want values-driven investing, alongside returns,” says Boyd.

The ASB Positive Impact Funds are structured as a typical balanced fund with 40% invested in income assets such as bonds, and 60% growth assets such as shares in globally focused companies. The funds won’t hold any investments in companies with significant business activity involving fossil fuels, alcohol, tobacco, gambling, controversial weapons, whale meat and adult entertainment.