New KiwiSaver scheme will only invest in companies with women on board
A new KiwiSaver fund will invest only in New Zealand listed companies with female board members.
CareSaver, which has been established by Pathfinder Asset Management, a fund manager committed to responsible investment, will target companies with good environmental, social and governance (ESG) track records.
Pathfinder chief executive John Berry said that the move was not tokenistic, but a prudent financial decision.
