Ethical Investing

You may or may not have heard that the New Zealand Labour Party has just changed its leader (a few weeks out from an election), but perhaps the more remarkable NZ story this week was this one...

"Investment in ethical funds that exclude (weapons and tobacco companies) jumped 2500 percent to $42.7 billion by the end of 2016, up from $1.6bn in 2015, a Responsible Investment Association of Australasia (RIAA) report showed."

I'd guess it'd never occurred to them that was where their investments were going, until they were told otherwise.