The closure and wind-up of the Positive Impact Fund is now complete
On 15 January 2025, we closed and began winding-up the ASB Investment Funds Positive Impact Fund.
If you were invested in the ASB Investment Funds Positive Impact Fund on 15 January 2025, we have closed your account and paid the final amount, less any PIE tax owing, to your nominated bank account.
Frequently Asked Questions
Why did ASB decide to close and wind-up the Positive Impact Fund?
We decided to close and wind-up the ASB Investment Funds Positive Impact Fund following BlackRock (UK) announcing it will wind up its Global Impact Fund in January, which makes up more than half of the Positive Impact Fund's underlying investments.
We considered the future of the Positive Impact Fund in light of this development and its impact on the fund's management, alongside declining customer demand, and deemed it appropriate to wind-up the Positive Impact Fund.
What if I want to reinvest in ASB Investment Funds?
If you're an individual investor and want to reopen an ASB Investment Funds account, you can apply by completing the online application form through ASB FastNet Classic and the ASB Mobile Banking app.
If you're a joint or another entity investor and want to reopen an ASB Investment Funds account, you can apply by completing the application form at the back of the Product Disclosure Statement, which is available from our website.
Are there any other funds in ASB Investment Funds impacted by the closure?
The Positive Impact Fund is the only fund in ASB Investment Funds impacted by the closure of the underlying Global Impact Fund. You can view our other ASB Investment Funds here.
Does ASB Investment Funds have another fund option like the Positive Impact Fund?
The Positive Impact Fund has an impact objective and a conventional investment objective. While the other funds in the ASB Investment Funds do not have an impact objective and are not a direct replacement, we continue to integrate responsible investment considerations into our investment decision-making process.
All our ASB Investment Funds are certified by the Responsible Investment Association Australasia according to the operational and disclosure practices required under the Responsible Investment Certification Program (see www.responsiblereturns.com.au for details). We're committed to responsible investing and continuing to better understand the responsible investment needs of our customers. For more details, visit asb.co.nz/responsible-investment
Where can I get help?
ASB Investment Funds investors can call our specialist team on 0800 108 084. Alternatively, they can email invest@asb.co.nz
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).