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Responsible Investing

Huge increase in weapons in KiwiSaver funds

Thursday 14th of August 2025

Key Facts

New research shows KiwiSaver investment in weapons companies has surged by 40.9% to $392.4 million
Managed fund investments also grew to reach $509.2 million by March 2025
There is increasing New Zealand investment in companies supplying the Gaza conflict:
$71.9 million of KiwiSaver and retail funds invested in weapons companies
$179.9 million invested in two other non-weapons companies
Annual survey data shows that 80% of Kiwis want to avoid investing in weapons

New analysis by Mindful Money reveals New Zealand KiwiSaver funds have significantly increased their investment in weapons companies, with total weapons investments reaching $392.4 million – a 40.9% increase from the previous year.

The research exposes how KiwiSaver providers are seeking short term profits from war. A contributor to the increase was a surge in sales of military weapons used in the bombardment of Gaza.

New Zealand investment in the production of weapons used in Gaza, through KiwiSaver and retail investment funds, totalled $71.9 million a rise of 18.9% over the year to end March 2025.

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