ASB investment policy update

ASB funds will no longer hold securities in companies that manufacture cluster munitions, landmines or nuclear weapons.

This is the result of a change in international equity underlying fund manager, from Vanguard to BlackRock.

The change is effective October 11, 2016.

ASB’s previously announced review of our approach to responsible investing continues. We expect this to be completed by the end of the year.

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ASB KiwiSaver Scheme ASB investment policy update | ASB