NZ managed funds excluding russian assets (sanctioned)
Funds whose SIPO excludes Russian-incorporated companies and Russian sovereign debt — a sanctions-driven exclusion that became near-universal in NZ ethical funds after February 2022. Some funds also screen "sanctioned-jurisdiction" exposure more broadly.
18 funds match. Source: each fund's Statement of Investment Policy and Objectives lodged on the FMA Disclose register.
- AMP Aggressive Managed FundAMP · Diversified"Securities issued by or traded on Russian Federation"Also excludes: Weapons · Fossil fuels · Nuclear · Tobacco0.80% annualSIPO 2025-05-29
- AMP Balanced Managed FundAMP · Diversified"Securities issued by or traded on Russian Federation"Also excludes: Weapons · Fossil fuels · Nuclear · Tobacco0.81% annualSIPO 2025-05-29
- AMP Growth Managed FundAMP · Diversified"Securities issued by or traded on Russian Federation"Also excludes: Weapons · Fossil fuels · Nuclear · Tobacco0.81% annualSIPO 2025-05-29
- AMP International Shares Managed FundAMP · International Equities"Securities issued by or traded on Russian Federation"Also excludes: Weapons · Fossil fuels · Nuclear · Tobacco0.79% annualSIPO 2025-05-29
- Foundation Series Balanced FundFoundation Series · Diversified"UN Security Council trade sanction subjects (International Fixed Interest)"Also excludes: Tobacco · Alcohol · Gambling · Adult · Weapons · Fossil fuels · Animal testing · Nuclear0.36% annualSIPO 2026-01-29
- Foundation Series Growth FundFoundation Series · Diversified"UN Security Council trade sanction subjects (International Fixed Interest)"Also excludes: Tobacco · Alcohol · Gambling · Adult · Weapons · Fossil fuels · Animal testing · Nuclear0.38% annualSIPO 2026-01-29
- Mercer All Country Global Shares Index FundMercer · International Equities"Russian assets"Also excludes: Tobacco · Weapons0.43% annualSIPO 2026-03-22
- Mercer Core Global Shares FundMercer · International Equities"Russian assets"Also excludes: Weapons · Tobacco1.24% annualSIPO 2026-03-22
- Mercer Core Hedged Global Shares FundMercer · International Equities"Russian assets"Also excludes: Weapons · Tobacco1.46% annualSIPO 2026-03-22
- Mercer Global Listed Infrastructure FundMercer · Other"Russian assets"Also excludes: Weapons · Tobacco1.34% annualSIPO 2026-03-22
- Mercer Global Listed Real Estate FundMercer · Listed Property"Russian assets"Also excludes: Weapons · Tobacco1.33% annualSIPO 2026-03-22
- Mercer Global Shares FundMercer · International Equities"Russian assets"Also excludes: Weapons · Tobacco1.25% annualSIPO 2026-03-22
- Mercer Income Generator FundMercer · Diversified"Russian assets"Also excludes: Weapons · Tobacco1.28% annualSIPO 2026-03-22
- Mercer NZ Shares Passive FundMercer · Australasian Equities"Russian assets"Also excludes: Weapons · Tobacco0.36% annualSIPO 2026-03-22
- Mercer Responsible Balanced FundMercer · Diversified"Russian assets (sanctioned entities, Russian-incorporated shares, Russian sovereign bonds, Russian currency, Russian private markets assets)"Also excludes: Weapons · Tobacco · Fossil fuels · Adult · Alcohol · Gambling1.25% annualSIPO 2026-03-22
- Mercer Responsible Global Shares FundMercer · International Equities"Russian assets"Also excludes: Weapons · Tobacco · Fossil fuels · Adult · Alcohol · Gambling1.69% annualSIPO 2026-03-22
- Mercer Responsible Hedged Global Fixed Interest Index FundMercer · International FI"Russian assets"Also excludes: Weapons · Tobacco · Fossil fuels · Adult · Alcohol · Gambling0.43% annualSIPO 2026-03-22
- Mercer Responsible Trans-Tasman Shares FundMercer · Australasian Equities"Russian assets"Also excludes: Weapons · Tobacco · Fossil fuels · Adult · Alcohol · Gambling1.06% annualSIPO 2026-03-22
Other exclusion categories
How exclusions work in NZ ethical funds
Exclusion screens are set in each fund's Statement of Investment Policy and Objectives (SIPO) — the foundational policy document each scheme must lodge under the Financial Markets Conduct Act 2013. Each fund's revenue threshold for inclusion in the exclusion list varies (typically >5%, >10%, or "any involvement"). The exact wording for any fund is visible on its `/investment-mandate/` page.
An exclusion screen is one component of an ethical or responsible-investment policy — the other components are positive screens (e.g. preferential weighting of high-ESG-score companies), thematic tilts (e.g. clean-energy overweight), and engagement (proxy voting, manager-investee dialogue). The SIPO sets out which approaches the manager uses; click any fund to see the full policy.