Pathfinder Global Responsibility Fund

Product Name

Pathfinder Global Responsibility Fund


Pathfinder Asset Management


Investment product





Certified Since


Certification Symbol

Responsible Investment

Asset Classes

Equities - International markets


New Zealand

Investment Approaches

ESG Integration, Negative Screening, 1 - positive screening (selection of highest ESG scoring companies) 2 - norms based screening (NZ Super Fund exclusions) and 3 - Controversy Screening (exclusion of stocks with significant current ESG issues based on news flow, lawsuits etc)

It Includes:

  • Riaa icons 11 More sustainable companies
  • Riaa icons 10 Renewable energy
  • Riaa icons 13 Sustainable transport
  • Riaa icons 31 Sustainable water
  • Riaa icons 30 Sustainable land management & agriculture
  • Default selected inclusion No specific inclusions

It has some level of screening for:

  • Riaa icons 33 Fossil fuels
  • Riaa icons 35 Tobacco
  • Riaa icons 52 Human rights abuses
  • Riaa icons 38 Labour rights violations
  • Riaa icons 36 Armaments
  • Riaa icons 42 Gambling
  • Riaa icons 55 Pornography
  • Default selected exclusion No specific exclusions


Objectives: (1) invest in global equities that satisfy Pathfinder’s socially responsible investment screening and (2) achieve a medium to long-term return higher than the Morningstar Developed Markets Index, 50% hedged to NZ dollars.


Our Global Responsibility Fund is an ethical equity fund intended to be a core global equity exposure for responsible investors.  

The fund invests in our wholesale Responsible Investment Fund (RIF) which targets a portfolio of 250 direct stock holdings.  The ethical screening for stock selection has multiple layers:
1 - several exclusion screens are applied including the NZ Super Fund exclusions list and additional revenue exclusions for gambling, tobacco, thermal coal, pornography and controversial armaments
2 - stocks with high current operational "controversy" levels are excluded (i.e. significant current ESG issues based on news flow, lawsuits etc)
3 - portfolio selection optimises the highest portfolio ESG score that will satisfy the Pathfinder Investment Committee targets for geographic spread, industry allocations and other portfolio factors (dividend, volatility, growth, company size etc).  This means ESG is treated as an investible factor.    
4 - Stocks selected are equally weighted.

Our stock selection process uses research and ratings from 2 sources:
1 - Sustainalytics (we were their first client in NZ)
2 - our in-house research (we have a full-time specialist ESG analyst)

Currency exposure in the Global Responsibility Fund is partly hedged with a base target of 50%.

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

Pathfinder Global Water Fund

Find out more