Ethical exclusions in NZ managed funds
11 canonical exclusion categories used across 78 NZ retail managed funds with on-file SIPO ethical-screen disclosures. Token-extracted from each fund's Statement of Investment Policy and Objectives. Click any category to see which funds exclude it.
Each fund's revenue threshold (typically >5% / >10% / "any involvement") varies — exact wording is visible on the per-fund `/investment-mandate/` page.
- TobaccoFunds whose SIPO excludes tobacco companies — typically production, manufacturing, and (in some funds) nicotine-alternative companies. Reven…73 funds
- Controversial weaponsFunds whose SIPO excludes controversial weapons — cluster munitions, anti-personnel landmines, biological / chemical / nuclear weapons, and …62 funds
- Fossil fuels (coal, oil, gas)Funds whose SIPO excludes coal, oil, and gas — extraction, production, or in some cases transportation and refining. Some funds exclude only…50 funds
- GamblingFunds whose SIPO excludes gambling operators — casinos, online gambling, sports betting, and lottery operators. Revenue thresholds vary; exa…33 funds
- AlcoholFunds whose SIPO excludes alcohol producers and distributors above a revenue threshold (typically >10%). Often paired with tobacco and gambl…28 funds
- Adult entertainmentFunds whose SIPO excludes adult-entertainment producers and distributors. Often paired with tobacco and gambling exclusions under a "vice" s…27 funds
- Nuclear powerFunds whose SIPO excludes nuclear-power generation and uranium mining. Distinct from "nuclear weapons" (which is under Controversial Weapons…20 funds
- Russian assets (sanctioned)Funds whose SIPO excludes Russian-incorporated companies and Russian sovereign debt — a sanctions-driven exclusion that became near-universa…18 funds
- Animal testingFunds whose SIPO excludes companies involved in animal testing for non-medical purposes. Typically narrower than "any animal testing" becaus…15 funds
- GMO / genetic modificationFunds whose SIPO excludes companies involved in genetic modification of crops or seeds. Less common in NZ than other exclusion categories; u…5 funds
- Predatory lendingFunds whose SIPO excludes payday lenders and other predatory-lending business models. A relatively narrow exclusion focused on consumer-harm…4 funds