Pathfinder challenges the idea that fees should be a primary focus for investors

The ethical investment specialist fund manager, which is a subsidiary of Alvarium (NZ) Wealth Management, now has $1 billion invested in its KiwiSaver and other funds, and saw management fees grow by $2.3 million, or 41.2%, to nearly $7.8 million in the year ended March.

“Recent data has revealed that 75% of Kiwis expect that their KiwiSaver provider will invest their funds ethically and responsibly, with almost half, or 49%, considering changing to ethical funds within the next five years,” says John Berry, cofounder and chief executive of Pathfinder KiwiSaver.

“This demonstrates that Kiwis are increasingly committed to investing in line with their values, and we’re pleased to share that as investor interest in ethical investing grows, so too does Pathfinder,” Berry says.

Since Pathfinder is an active manager, it's no surprise that Berry is sensitive on the matter of fees.