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ASB Investment Funds Positive Impact Fund

Put your savings to work making a positive impact on our world.

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The ASB Investment Funds Positive Impact Fund has been created to provide you with an alternative investing option. A fund that can help you invest for your future while aligning with your values.

Here you'll find more information on the fund, including:

  • Why we have created it
  • What is impact investing and a look at exclusions and ESG criteria
  • What the fund invests in
  • How to tell if it’s right for you
  • How you can join or switch

A little more about the journey we're on

The reason behind the fund is pretty simple; to help our customers who want to build their financial future while investing according to their values.

This fund is the first of its kind for us, and we're excited to be starting our journey with likeminded New Zealanders who believe in creating positive change.

We feel it's important to share with you what the fund is and isn't; but also, our vision for the fund as it grows. 

Continue reading on our blog

What does the Positive Impact Fund invest in?

The fund is made up of both income assets (around 40%) and growth assets (around 60%), with a preference for investments that generate a positive and measurable social and/or environmental impact, alongside a financial return. 

Investments held in the fund are determined by three considerations:

Positive impact companies

Businesses actively building a better future for the world.

Find out more

Exclusions

What industries we avoid.

Find out more 

ESG integration

Measure of sustainability and social impact.

Find out more

 

What is impact investing?

Impact investing is a growing area of investment focusing on investing in companies that are addressing the world’s social and environmental issues. 

What are these impact companies doing? They’re working in a range of areas including renewable energy, water infrastructure, pollution and waste management, social services, affordable housing, sustainable consumer goods and responsible finance.

70% of the growth assets in the Positive Impact Fund are made up of impact investments. These are shares in listed companies that are selected based on their positive impact to society. These investments align with many of the sustainability themes and metrics outlined by the UN Sustainable Development Goals

You can learn more about some of the companies in the ASB Investment Funds Positive Impact Fund, working to improve societies and our environment across the world.

Visit the blog

 

Exclusions - how do they work?

Currently we're using other fund managers to manage our Positive Impact Fund's investments. This is the best approach while the fund is still small in size. These fund managers have exclusion policies which state they will not invest in companies with ‘significant business activities’ in fossil fuels, alcohol, tobacco, gambling, controversial weapons and adult entertainment.

It's important to note that these definitions are often narrower than the common understanding of these terms. For example, the fund does include some companies with activities in the fossil fuel sector, because they are permitted under the definitions being used. However, the growth asset portion of the fund is currently 64% lower carbon intensity compared to the wider market.

As the fund grows, it's our aim to become more involved in its management, giving us further options around the structure of the fund and more control over what’s excluded.

We know some customers feel strongly about the sectors they invest in, so we recommend reading the detail to get a full picture of what types of companies could be included in the fund. To find out more about the exclusion policies, read the Positive Impact Fund Schedule in the ASB Investment Funds Statement of Investment Policy and Objectives.

 

Environmental, Social and Governance (ESG) factors

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.

  • Environmental considerations
    Having policies and practices in place to address issues like climate change, waste management and pollution.
  • Social considerations
    A commitment to improving society through activities like the promotion of diversity and inclusion, and ensuring they have positive human and animal rights practices.
  • Governance considerations
    Employing corporate practices that create both fair and transparent work places.

Important things to know before investing in the Positive Impact Fund

The Positive Impact Fund aims to provide moderate to high returns allowing for large movements of value up and down, from an exposure to a portfolio of investments with a preference for those that make a positive impact on society or the environment. The number of years with negative returns are generally expected to be similar to the Growth Fund.

  • Appropriate for investors that have at least 11 years to invest
  • More growth assets than income assets
  • Aims to achieve moderate to high returns over time
  • Significant ups and downs in your balance are expected
  • A preference for investments that make a positive social and/or environmental impact

Learn more about income assets and growth assets.

The most recently compiled list of underlying portfolio holdings for the ASB Investment Funds Positive Impact Fund is provided here.

Is the Positive Impact Fund right for me?

The fund could be suitable for you if you want your values to play a larger role in how your savings are invested, and you understand that this could mean a different financial outcome.

We also have a Positive Impact Fund available for our ASB KiwiSaver Scheme customers, if this sounds more like you, please find further information here.

Invest now with ASB

Already have an ASB Investment Funds account?

You can switch to the Positive Impact Fund, or open an additional ASB Investment Funds account by contacting the ASB Wealth Advisory Service. 

Contact us

Ready to open an ASB Investment Funds account?

If you're already with ASB, log into FastNet Classic online banking to apply.
New to ASB? Contact us to find out more.

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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 and ASB Investment Funds (Schemes) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides administration and distribution services for the Schemes. No person guarantees interests in the Schemes. Interests in the Schemes 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 or the ASB Investment Funds 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).