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KiwiSaver funds tied to Russian companies potentially impacted by sanctions

Author
Newstalk ZB,
Publish Date
Thu, 24 Feb 2022, 7:33AM
(Photo / File)
(Photo / File)

KiwiSaver funds tied to Russian companies potentially impacted by sanctions

Author
Newstalk ZB,
Publish Date
Thu, 24 Feb 2022, 7:33AM

New Zealand's superannuation fund, as well as ASB and Westpac's growth fund all hold shares in Russian listed companies with ties to the Kremlin.  

British and American sanctions on Russian companies therefore might start impacting our KiwiSaver funds. 

Barry Coates, chief executive of Mindful Money joined Kate Hawkesby. 

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