What industries we avoid.
Impact investing is a growing area of investment focusing on investing in companies that are addressing the world’s social and environmental issues. Investments are made with the intention of generating both positive and measurable impact alongside a financial return.
Lots of customers have asked us for a different sort of fund. They want to put their investment to work to give the world a better future, but still want solid long term returns. We've listened, and created a new fund available through ASB Investment Funds, the Positive Impact Fund.
Examples of impact investments
Clean energy infrastructure
Climate or environmental projects
Clean water and sanitation
Investments held in the fund are determined by three considerations:
The Positive Impact Fund aims to provide moderate to high returns from a diversified portfolio of investments, with a preference for investments in organisations whose activities make a positive impact on society or the environment. Investors should expect a negative return less than one in every four years.
The Positive Impact Fund may be suitable for you if you’re wishing to align your values with your investment while still striving for long-term wealth.
Check out our Compare Funds page to fund out more about our other ASB Investment Funds.
If you're interested in investing in our ASB KiwiSaver Scheme Positive Impact Fund, please find more information here.
Impact Investing is a growing area of investment, where investments are made with the intention to generate positive and measurable social and/or environmental impact, alongside a financial return. The fund is made up of both income assets and growth assets. A portion of the growth assets are selected based on their positive impact to society.
The investments held by the Positive Impact Fund are likely to evolve over time based on changes within the area of impact investing, along with customer feedback.
The Positive Impact Fund will not invest in companies that have significant business activities in fossil fuels, alcohol, tobacco, gambling, controversial weapons, whale meat and adult entertainment. Currently the Positive Impact Fund invests in third party managed funds. These funds have certain exclusion policies and each define what is meant by 'significant business activities'. To find out about the exclusion policies, read the Positive Impact Fund Schedule in the ASB Investment Funds Statement of Investment Policy and Objectives.
ESG factors are used to measure the sustainability and ethical impact of investing in a company. In the Positive Impact Fund they're used to identify the right sort of companies to invest in, along with incorporating these considerations into the investment decision making process.
About 35% of the fund’s growth assets will focus on investments in companies solving global issues. Whenever possible, these investments will align with the UN Sustainable Development Goals. Here are some examples of the types of industries actively building a better future for our world:
Renewable and alternative energies, water infrastructure and technologies, pollution and waste management, social services, sustainable consumer goods, responsible finance.
You can switch to the Positive Impact Fund, or open an additional ASB Investment Funds account by contacting the ASB Wealth Advisory Service.
Interests in ASB Investment Funds are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides administration and distribution services for ASB Investment Funds. No person guarantees interests in ASB Investment Funds. Interests in ASB Investment Funds are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB Investment Fund Product Disclosure Statement available from this website and the register of offers of financial products at www.disclose-register.companiesoffice.govt.nz (search for ASB Investment Funds).
Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.disclose-register.companiesoffice.govt.nz (search for ASB Investment Funds).