KiwiSaver provider pins hope on higher growth from medicinal cannabis company

A KiwiSaver scheme is hoping to make money out of the rise in demand for medicinal cannabis.

A KiwiSaver scheme has bought a stake in a Kiwi medicinal cannabis company as part of its move into private company investment.

CareSaver, a new KiwiSaver scheme which was launched in July last year, has invested $420k in Rua Bioscience as well as $460k in investment platform Sharesies.

John Berry, chief executive of Pathfinder Asset Management, the investment manager for CareSaver, said it was just the start of its move into private equity investment.

“Since about 2015 I have been advocating KiwiSaver schemes invest into private New Zealand companies.”

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GENERAL INFORMATION ONLY

This information is general information only and does not take account of your individual investment objectives or financial situation.
Pathfinder Asset Management encourages all investors to seek independent financial advice prior to making investment decisions.