Product Name |
Booster Investment Scheme – Socially Responsible High Growth Fund |
Issuer |
Booster Investment Management |
Category |
Investment |
Type |
Fund or Trust |
Target |
Retail |
Certified Since |
2015 |
Asset Classes |
Diversified / Multi-asset |
Markets |
New Zealand |
Investment Approaches |
Negative Screening |
It Includes: |
|
It has some level of screening for: |
|
It fully excludes: |
|
| Broker | Responsible Returns |
| URL | https://www.responsiblereturns.com.au/investment-options/booster-investment-scheme-socially-responsible-high-growth-fund/profile |
No specific themes
Alcohol
Fossil fuels
Gambling
Genetic engineering
Nuclear power 
Pornography
Tobacco
ArmamentsOverview
• The fund’s objective is to maximise the potential for capital gains over the longterm. • It aims to achieve returns (after fees but before tax) of at least 4.5% per year above inflation over any ten year period. • There will be significant movements up and down in the value of the fund. • The fund invests predominantly in growth assets, with little or no allocation to income assets. It currently excludes investments in directly held companies and managed fund investments where the underlying activities are principally involved in the tobacco, alcohol, gambling, armaments, nuclear power, adult entertainment, GMO and fossil fuel industries.* • The criteria for screening out these investments may be modified over time to reflect developments in the so *Further detail on excluded investments can be accessed by following the link in the “Socially responsible investing” section of our Approach to Responsible Investing policy, at www.booster.co.nz/responsible-investing-policy.
Description
Within the SRI portfolios, Booster builds on this top down process by utilising a negative screening process which avoids certain industries that overall are assessed as having a negative impact on society, while focusing on selecting investments that offer exposure to the key economic and sector themes identified through our top down research. The assessment of investments for compliance with this methodology and criteria is tightly integrated with broader portfolio monitoring.
The results of this are required to be provided to the Senior Manager Research in respect of any new company’s addition. Where there is any potential ambiguity regarding the compliance of a new investment with the Booster SRI policy, its inclusion is required to be formally approved by the Booster Investment Committee. Corporate actions and changes in key business direction are monitored for existing portfolio holdings, to identify any changes that might impact a company’s compliance with the SRI criteria. As part of this process, each company is required to be reviewed at least annually. Any investments that are assessed to no longer comply with the SRI policy are required to be sold within a reasonable period.
With respect to fossil fuel exclusions, managed fund investments are researched relative to this criteria; however, in some cases they may include a small allocation to fossil fuels which is subject to ongoing monitoring of suitable alternatives.