Medical Assurance Society KiwiSaver Plan Growth Fund

Product Name

Medical Assurance Society KiwiSaver Plan Growth Fund

Issuer

Medical Assurance Society

Category

KiwiSaver

Type

KiwiSaver

Target

Retail

Certified Since

2017

Asset Classes

Diversified / Multi-asset

Markets

New Zealand

Investment Approaches

Negative Screening, Best in class screening

It Includes:

  • No inclusions5 No specific themes

It has some level of screening for:

  • Riaa icons 36 Armaments
  • Riaa icons 33 Fossil fuels
  • Riaa icons 35 Tobacco

It fully excludes:

    Overview

    The Medical Assurance Society (MAS) KiwiSaver Plan funds investment policies reflect our commitment to a sustainable and healthy future for New Zealand, our planet, and its people.


    Description


    MAS is a membership-based society for professional people. Traditionally we’ve drawn on the health professions and their families for the majority of membership. Our focus on health and sustainability reflects the desire of our Members to make a better, positive contribution to the environment and human health. 

    This is codified in our Responsible Investment Belief:
    We invest in a way that represents what matters in our Members’ worlds – a sustainable and healthy future.

    MAS provides the same approach to all investments. This not only includes the different multi-asset options available within its retail product ranges (e.g. Conservative; Balanced; Growth Portfolios) but also Parent Company reserves (e.g. general insurance; life and disability; and other reserves).

    Responsible Investment Statement:
    Our investment managers screen potential investments from an ethical perspective to ensure they meet the following criteria as an important part of our due diligence process. We will not invest in companies whose principal business activity is the manufacture and sale of armaments or tobacco, or the exploration, extraction, refining or processing of fossil fuels. In addition, the funds will not invest in any utility that primarily burns fossil fuels.

    Further info on thresholds applied: https://www.mas.co.nz/investments/responsible-investing/

    Approach:
    We use Sustainalytics to screen potential investments based on defined screening criteria. Sustainalytics is a global ESG specialist. Screens cover level of involvement, category of involvement, and standard analysis to ensure holdings are compliant. This is measured on revenue. If 10% and above company revenue is received from a restricted criteria a security will appear on an Exclusion List. All Controversial Weapons covered under New Zealand legislation are excluded. Screens are refreshed quarterly.

    Each security that is not covered by Sustainalytics must be screened individually by the JBWere Portfolio Implementation Team to confirm compliance with MAS SRI policy. In matters of doubt the Portfolio Implementation Team will escalate the analysis to Sustainalytics. 

    Any underlying investment (e.g. Exchange Traded Funds) can only be considered approved from an ethical perspective if: 
    ·       none of its holdings are included in the Exclusion List, and 
    ·       any of the securities that are not covered by Sustainalytics are approved as being compliant by the JBWere Investment Committee 

    Select third party managers will run their own exclusion process. However these processes are aligned to the MAS mandate. In addition, MAS are able to make their screens available to third party managers for testing of screens.

    Other products certified by the Responsible Investment Association Australasia (RIAA)

    Medical Assurance Society KiwiSaver Plan Aggressive Fund

    Medical Assurance Society KiwiSaver Plan Balanced Fund

    Medical Assurance Society KiwiSaver Plan Cash Fund

    Medical Assurance Society KiwiSaver Plan Conservative Fund

    Medical Assurance Society KiwiSaver Plan Global Equities Fund

    Medical Assurance Society KiwiSaver Plan Moderate Fund

    Medical Assurance Society Retirement Savings Plan Aggressive Fund

    Medical Assurance Society Retirement Savings Plan Balanced Fund

    Medical Assurance Society Retirement Savings Plan Cash Fund

    Medical Assurance Society Retirement Savings Plan Conservative Fund

    Medical Assurance Society Retirement Savings Plan Global Equities Fund

    Medical Assurance Society Retirement Savings Plan Growth Fund

    Medical Assurance Society Retirement Savings Plan Moderate Fund

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