New Zealand's switch to responsible investment is one of the fastest shifts seen in the world, the Responsible Investment Association Australasia says.
Its latest report shows that negatively screened funds have grown by 2500 per cent over the past year. There was $42.7 billion invested in them at the end of 2016.
A negatively screened fund is one that does not invest in certain things, such as tobacco or weapons, because of ethical or social considerations.
"This is a staggering increase and is a monumental development for New Zealand's financial markets," Simon O'Connor, chief executive of the association, said.
from
http://www.stuff.co.nz/business/95314736/NZ-fund-managers-waking-up-to-Kiwi-desire-to-invest-responsibly-RIAA
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