How we invest

Our responsible investment policy (PDF 94KB) forms the guiding principles for how our fund managers decide where to invest. It covers all the environmental, social, and governance (ESG) factors that we consider in every investment decision. This helps ensure the investments we make reflect the evolving attitudes of our investors and society.

We expect our investment managers to engage with companies on ESG matters and will work with relevant investment managers to implement any changes to our responsible investment policy.

Our underlying investment managers

We use the expertise of experienced global and domestic investment managers to manage our investments solutions. BNZ Investment Services Limited is a signatory to the Principles for Responsible Investment, as are all of our managers. When we appoint or review managers we consider whether they have incorporated environmental, social, and governance considerations into their investment process.

Asset class

Investment managers

Cash and cash equivalents

Nikko Asset Management New Zealand Limited

New Zealand fixed interest

Harbour Asset Management Limited
Nikko Asset Management New Zealand Limited

International fixed interest

Columbia Threadneedle Investments
State Street Global Advisors, Australia, Limited

Australasian equities

Castle Point Funds Management Limited
First Sentier Investors Realindex Pty Ltd
Mint Asset Management Limited

International equities

State Street Global Advisors, Australia, Limited (BNZ KiwiSaver Scheme, YouWealth)
MLC Investments Limited (Private Wealth Series)

 While we aim to keep this information current, the underlying investment managers can be added to, removed or changed without prior notice.