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Summary

We’ve negotiated a new fund type with the manager of the fund Whai Rawa invests in – Mercer Investment Trusts New Zealand. From 1 October the Whai Rawa fund will be invested in a Socially Responsible Conservative Investment Fund.

What do I need to know?

We’re changing our fund! We’ve negotiated a new fund type with the manager of the fund Whai Rawa invests in – Mercer Investment Trusts New Zealand. From 1 October the Whai Rawa fund will be invested in a Socially Responsible Conservative Investment Fund. We have traditionally invested in conservative investment fund – but without socially responsible investment requirements.

What has changed?

In December 2017, Mercer New Zealand, the underlying fund manager of the fund Whai Rawa invests in, excluded from the investments it makes:

  • Companies manufacturing cluster munitions, landmines, chemical or biological weapons, or nuclear weapons; and
  • Companies manufacturing tobacco products.

We recognise ethical investing as an important kaupapa and in November 2018, agreed to progress with Socially Responsible Investment funds for the Whai Rawa Fund’s future investment options, noting the investment philosophy’s alignment to Ngāi Tahu values and Te Rūnanga’s position on ethical investment.

The Socially Responsible bit just means that the Fund Manager has developed a framework, which outlines how they assess what sectors or companies to exclude.

The change includes an active investment decision to allocate funds to assets which are likely to have a positive environmental impact, as well as delivering on financial objectives, such as windfarms and timber.

This type of fund aligns much better with our Ngāi Tahu values overall, and we think it is a much better choice for our members. We’ve also negotiated the same fees, so you are not paying any more to be a socially responsible investor but essentially you are getting a fund more aligned with our values and we believe it will demonstrate a pretty good performance track record too.

What do I need to do?

Nothing, this happens automatically.

Will I notice any changes?

Your investment fees will remain the same and you should expect similar returns to what you would have achieved from the fund’s current investments over the medium to long term.