Investments

Sector exclusions lazy CIO says

Wednesday 4th of July 2018

Simon O'Grady, chief investment officer at Kiwi Wealth, said it was becoming more common for fund managers to exclude a whole sector from their portfolios, as part of a drive to show they were responsibly investing.

But he said that was not a sound approach.

"Aside from the potential for these exclusions to outperform and leave investors out-of-pocket, blanket sector exclusions al...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.