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Jonathan's Liverstone

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The KiwiSaver Ethical Option  

It looks like we need to be a little bit patient for the ethical investment option in the KiwiSaver Scheme.
It seems that Asteron are about to enter the arena, being the first truly ethical investment offering.
But oh dear ... check out the last paragraph in the article:

Gareth Morgan's KiwiSaver Fund managing director, Andrew Hawith, is sceptical. "I'd be fascinated to see how ethical some of these investments really are. How can you tell?
"I'm sure we will be investing in ethical as a mixture of portfolios but it would be dangerous to have your savings locked up for 30 years and into just an ethical fund," says Hawith.

Seems to me that wee Andrew needs to pay attention to the winds of change, and not just the message of maximising the bottom line.

Posted by The Denizen @  7/11/2007 09:34:00 pm }
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