Summary of Pathfinder
Pathfinder Asset Management is an ethical New Zealand-based fund manager established in 2009, wholly owned by Alvarium Wealth New Zealand.
Pathfinder was founded by John Berry and Paul Brownsey, initially offering thematic/sector specific equity funds, before broadening out into global equities and multi-asset products. In 2019 Alvarium acquired a 51% stake in Pathfinder, buying the remaining 49% in 2021 when Berry and Brownsey assumed the roles of CEO and CIO. Alvarium New Zealand is a broadly diversified asset management business across property development, financial advice and funds management. The firm was established in 2017 by Alvarium UK co-founder Andrew Williams, along with Ben Gough and Brett Gamble who along with two other minority shareholders own 75% of the business.
Pathfinder’s Investment Philosophy
Investing shapes the world we live in, Pathfinder’s out to shape a better one.
Pathfinder is an active manager who invests ethically, and they do this by avoiding harm, considering ESG metrics, and tilting their portfolio towards positive investment themes such as renewable energy and community housing. They’re active owners who vote on resolutions in line with their principles and they educate and engage where possible to deepen the impact they can have at a company and community level.
Why invest with Pathfinder?
They’re all about balance; they support their investors to feel good about maximising their wealth, and saving for their future, while avoiding harmful investments and tilting towards positive ones. Win, win!
Summary of the fund:
GoalsGetter KiwiSaver Pathfinder Ethical Growth Fund
Launched in 2020 and awarded Best New Ethical Fund 2021 by Mindful Money, this diversified fund is filled with different asset and company types, geographies and sectors that align with our ethical investment policy. It has a targeted allocation of 28% to income assets with the remaining 72% allocated to growth assets, including Australasian and International equities, as well as private equity. The ethical strategy includes broad sector and company exclusions, while seeking ESG thematics. Notable investments include a strong range of renewable energy companies and the Women’s Livelihood Bond, issued to advance gender equality through investing in women-owned and led enterprises.
This summary is provided for general information purposes only. The information provided is not intended to be financial advice. The information provided is given in good faith and has been prepared from sources believed to be accurate and complete as at the date of issue, but such information may be subject to change. Nikko Asset Management New Zealand Limited is the manager of the GoalsGetter KiwiSaver Scheme. A copy of the Product Disclosure Statement for the GoalsGetter KiwiSaver Scheme Pathfinder Asset Management Fund is available here.
*Information above is as at 31 May 2024
