Get a Weapons Free Fund

Cut ties with Weapons Investment

80% of Kiwis don’t want firearms, cluster bombs, nuclear weapons or other military weapons in their KiwiSaver or other investment fund. A growing number of investors recognise the massive human suffering and environmental damage that results from weapons and choose not to invest in weapons producers.

In 2016, after a public outcry, many KiwiSaver providers excluded manufacturers of cluster bombs and landmines. In the wake of the Christchurch shootings, some have excluded firearms, such as semi-automatic weapons. But these exclusions are narrowly-drawn categories. For many investors, the issue is broader. They don’t want their KiwiSaver fund to include any companies that make profits from weapons manufacturers. 

From Mindful Money's analysis of fund investments at end March 2023, $292 million of KiwiSaver money and $194 million of retail investments was invested in companies involved in the manufacture of weapons.

Although the proportion of weapons in overall investment has fallen, many investors are unwittingly investing in companies that produce nuclear weapons, firearms or other weapons categories

What does Weapons Free mean?

Weapons free means no investments in the following: 

Nuclear Weapons – Where companies are involved in the manufacturing or sale of nuclear weapons or components or services thereof.

Controversial Weapons - Where companies are involved in the manufacturing or retail of controversial weapons (e.g., landmines and cluster munitions) or components or services thereof.

Firearms - Where companies are involved in the manufacturing or retail of firearms, including guns, rifles, pistols, or components or services thereof.

Military Weapons - Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.

Read more about our methodology for identifying weapons companies here.

KiwiSaver & Investment Funds free from Weapons

The following is a list of the funds that have fully excluded them from their portfolio (Mindful Money measures the level of investment down to 0.01% of the portfolio).

Funds that can show they have no investment in weapons can now use our new weapons free badge. Look for the badge above to be certain of who is putting their money where their mouth is.

KiwiSaver Funds free from Weapons

• AE KiwiSaver Plan
• ASB Positive Impact Fund
• Aurora Future Focused Fund
• Aurora Growth Fund
• Aurora RetirementPlus Age 50
• Aurora RetirementPlus Age 65
• Booster Default Saver Fund
• Booster Socially Responsible Balanced Fund
• Booster Socially Responsible Geared Growth Fund
• Booster Socially Responsible Growth Fund
• Booster Socially Responsible High Growth Fund
• Kernel KiwiSaver S&P Global Clean Energy Fund
• Kernel KiwiSaver S&P Kensho Moonshots Innovation Fund
• Koura KiwiSaver Clean Energy Fund
• Koura KiwiSaver Rest of World Equities Fund
• Maritime Growth Portfolio
• Maritime KiwiSaver Balanced Portfolio
• InvestNow Mercer Ethical Leaders Balanced Fund
• InvestNow Mint Diversified Growth Fund
• Nikko AM Ark Disruptive Innovation Fund
• NZ Funds Balanced Fund
• NZ Funds Inflation Strategy
• OneAnswer Sustainable International Share Fund
• Pathfinder KiwiSaver Balanced Fund
• Pathfinder KiwiSaver Growth Fund
• InvestNow Pathfinder Ethical Growth Fund
• Sharesies Pathfinder Ethical Growth Fund
• QuayStreet Altum Fund
• QuayStreet Socially Responsible Investment Fund
• Simplicity Balanced Fund
• Simplicity Default Fund
• Simplicity Growth Fund
• Superlife Default Fund

Investment Funds free from Weapons

• AE Investor
• ASB Positive Impact Fund
• Aspiring Fund
• Booster Income 50 Fund
• Booster Income 99 Fund
• Booster Socially Responsible Balanced Fund
• Booster Socially Responsible Growth Fund
• Booster Socially Responsible High Growth Fund
• Devon Global Sustainability Fund
• Elevation Capital Global Shares Fund
• Fisher Funds International Growth Fund
• Fisher Funds Premium International Fund
• Harbour Sustainable Impact Fund
• Hyperion Global Growth Companies Pie Fund
• Kernel Global ESG (NZD Hedged) Fund
• Kernel Global ESG Fund
• Kernel S&P Global Clean Energy Fund
• Kernel S&P Kensho Moonshots Innovation Fund
• Mercer Emerging Markets Shares Fund
• Mercer Ethical Leaders Balanced Fund
• Mercer Ethical Leaders Global Shares Fund
• Mercer Ethical Leaders Growth Fund
• Mercer Income Generator Fund
• Mint Diversified Growth Fund
• Nikko AM Ark Disruptive Innovation Fund
• NZ Funds Global Macro
• NZ Funds Income Generator
• NZ Funds Wealth Builder - Inflation Strategy
• OneAnswer SAC Equity Selection Fund
• Pathfinder Ethical Growth Fund
• Pathfinder Global Responsibility Fund
• Pathfinder Global Water Fund
• Pie Global Growth Fund
• Pie Growth UK & Europe Fund
• QuayStreet Altum Fund
• QuayStreet Socially Responsible Investment Fund
• Salt Sustainable Income Fund
• Simplicity Balanced Investment Fund
• Simplicity Growth Investment Fund
• Smartshares Automation and Robotics ETF
• Smartshares Healthcare Innovation ETF
• Smartshares Japan Equities ESG ETF
• Stewart Investors Worldwide Leaders Sustainability Fund

Want to know more?

Check out our seminar on Getting our Money out of Nuclear Weapons

You can find all our articles on weapons free investing here.