New Zealand startup Sharesies is offering socially responsible options in its investment app.
Sharesies has teamed up with Pathfinder Asset Management to launch two new sustainable investment options: The Pathfinder Global Responsibility Fund, and the Pathfinder Global Water Fund.
It’s the first time the Global Responsibility fund has been available to the general public.
Managed funds usually have a $5,000 buy-in, but Sharesies members will have access to these funds with $5.
This is something that Sharesies customers are asking for, in keeping with a trend that is growing worldwide.
Also known as ethical, impact, and responsible investing — socially responsible investing takes into account both financial return and social good, by avoiding companies that cause harm to individuals, society or the planet.
Before companies are included in the fund they go through a three-step screening process:
The research for these three steps is undertaken independently by Sustainalytics, a leading global provider of ESG and corporate governance research and ratings.
What’s included in the funds?
These are managed funds — this means investors don’t own shares in one particular company, but in units in a fund that is made up a group of companies. This helps keep a portfolio diversified — so investors don’t have all their money riding on one company.
Sharesies is a New Zealand startup with the vision of giving someone with $50 the same investment opportunities as someone with $50,000.