Our Ethical Investment Funds
We develop long-term, sustainable solutions to help you acheive your purpose now and for the generations that follow.
The investment funds have been designed to meet the needs of charitable and community orientated investors. Management of the funds reflects our philosophies of portfolio diversification, sustainable income, portfolio efficiency, use of active and indexed management, currency hedging and investment management at a reasonable cost.
The investment funds are designed to offer appropriate solutions to enable charities to achieve their long term objectives. We harness the stock selection skills of some of the worlds most renowned asset managers along with carefully selected local specialists. Property assets are managed internally by our team of in-house experts where we have strong capabilities and have built a long term track record of success.
Ethical Investment Funds
ESG Balanced Fund
The ESG Balanced Fund provides a well-diversified asset allocation that is achieved by investing in the Property Fund, ESG Australasian Share Fund, ESG NZ Bond Fund, ESG International Share Fund and ESG International Bond Fund. The Fund invests entirely in other Funds, except to the extent cash is held for liquidity purposes and incorporates the ethical investment criteria of each of the underlying Funds.
Property Fund
The Property Fund provides a diversified exposure to directly held commercial properties located in New Zealand. Invests directly in a broad range of commercial properties and locations to generate income and capital gains and to limit and diversify risk. The Fund applies certain ethical investment criteria to property acquisitions.
ESG Australasian Share Fund
The ESG Australasian Share Fund provides a diversified exposure to New Zealand and Australian equities that meet certain ethical investment criteria. The Fund aims to exceed the return of the S&P/NZX50 Portfolio Index over rolling three-year periods, before taking into account fees and expenses. The underlying manager of the fund is currently Harbour Asset Management. Up to 20% of the Fund can be invested in securities listed on the Australian Stock Exchange.
ESG International Share Fund
The ESG International Share Fund provides a diversified exposure to international equities (excluding Australia) that meet certain ethical investment criteria. The Fund aims to achieve capital growth and income similar to the MSCI World ex Australia Index (50% hedged to NZ dollars), subject to meeting certain ethical investment criteria, before taking into account fees and expenses. The Fund currently invests in the State Street Climate ESG International Equity Fund, an Australian Unit Trust managed by State Street Global Advisors. The Fund targets a position of being close to 50% hedged to NZ dollars.
ESG International Bond Fund
The ESG International Bond Fund provides a diversified exposure to international fixed interest investments that meet certain ethical investment criteria. The Fund aims to closely track the return of the benchmark, the Bloomberg Global Aggregate Index (100% hedged to NZ dollars), subject to meeting certain ethical investment criteria, before taking into account fees and expenses. The Fund currently invests in the iShares ESG Screened Global Bond Index Fund, an Australian unit trust managed by BlackRock Investment Management (Australia) Limited. The Fund’s foreign currency exposure targets a position of being close to 100% hedged back to NZ dollars.
ESG NZ Bond Fund
The ESG NZ Bond Fund provides a diversified exposure to New Zealand fixed-interest securities that meet certain ethical investment criteria.The Fund aims to maximise income available for distribution, while generating a total return that exceeds the return of the Bloomberg NZBond Composite 0+ Year Index over rolling three-year periods, before taking into account fees and expenses. The underlying manager of the fund is currently Nikko Asset Management.
Legal and Regulatory Notices
Trust Investments Management Limited is the issuer and manager of the Trust Management PIE Funds Scheme. A copy of the Scheme’s Product Disclosure Statement is available here. Further information can also be found at disclose-register.companiesoffice.govt.nz, under offer number OFR12861.
Wholesale Financial Service
Trust Investments Management Ltd is registered on the Financial Service Providers Register as a financial advice provider for wholesale services, which means we can only provide financial advice to wholesale clients.
Complaints and Insurance and Financial Services Ombudsman
Trust Management is a member of an independent dispute resolution scheme operated by the Insurance and Financial Services Ombudsman ("IFSO"). If you feel your complaint has not been resolved to your satisfaction, you may register your complaint with the IFSO. Please note, complaints to the IFSO must fall within certain criteria. For more information on how to register a complaint with Trust Management or to learn more about the IFSO please refer to the links below.
How to Make a Complaint The Insurance and Financial Services Ombudsman
Stewardship Code Aotearoa NZ
Trust Management is a proud founding signatory of Aotearoa New Zealand’s new Stewardship Code (Code).
The investment industry developed the Code to strengthen engagement and active ownership practices for generating and preserving long-term sustainable value for current and future generations.
As a founding signatory, Trust Management will take leading role to encourage broad acceptance of the Code across the industry. Our underlying managers will promote positive governance practices to help manage environmental and social opportunities and risks, and build trust between investors, companies/issuers, and other stakeholders.
Principles for Responsible Investment
The UN-supported Principles for Responsible Investment (PRI) is an international organisation designed to promote sustainability in investing through the integration of environmental, social, and governance (ESG) factors in the investment decision-making process.
The PRI supports its members by developing a deep understanding of the implications of ESG on investments and by helping them to incorporate this knowledge into their investment decisions and represents over US$120 trillion in assets under management.
Responsible Investment Association Australasia
The Responsible Investment Association Australasia (RIAA) champions responsible investing and a sustainable financial system in Australia and New Zealand.
RIAA is dedicated to ensuring capital is aligned with achieving a healthy society, environment and economy. With over 500 members representing US$29 trillion in assets under management, RIAA is the largest and most active network of people and organisations engaged in responsible, ethical and impact investing across Australia and New Zealand. Its membership includes super funds, KiwiSaver providers, fund managers, banks, consultants, and foundations.