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The rush by investment fund managers over the past year to ditch so-called sin-stocks in tobacco and weapons and put their money into ethical activities is raising more than a few questions. Audio
A consumer backlash over controversial KiwiSaver investments in weapons and tobacco companies is being credited for a big spike in the amount of money being poured into ethical funds.
One of the country's biggest KiwiSaver providers, Kiwi Wealth, has decided to build its own ethical investment fund, rather than join others in the industry and buy a newly designed overseas product. Audio