Boom: 88 KiwiSaver funds invested in nukes

Barry Coates

Analysis of KiwiSaver portfolio data at September 30, 2020 shows that $210 million of KiwiSaver funds are invested in companies that produce weapons.

Of that total, $52 million is invested in 17 nuclear weapons producers.

The revelation came as a surprise to Mindful Money founder Barry Coates, who told Good Returns that “most funds in New Zealand make the claim that they are not invested in nuclear weapons.”

“We did analysis a year and a half ago and found that there were investments in nuclear weapons and we thought that there was a process of funds getting out of them.