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New KiwiSaver scheme CareSaver to only invest in NZX-listed companies with a female director

A new KiwiSaver scheme aligned with ethical investing promises to only invest in New Zealand listed companies that have at least one female director on their boards.

CareSaver, which was launched today, comes as funds are getting keener to be seen investing ethically or responsibly.

The CareSaver scheme has been established by Pathfinder Asset Management (Pathfinder), a specialist ethical investment manager.

John Berry, Pathfinder's chief executive, said the new scheme wasn't tokenism, and all listed company directors must be appointed on merit.

Read the full article on NZ Herald.

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