FMA censures Pathfinder over misleading ethical investment claims
Two advertisements between 2021 and 2024 incorrectly claimed its KiwiSaver funds didn't invest fossil fuels or animal testing.
Pathfinder co-founders Paul Brownsey and John Berry.
The Financial Markets Authority has censured self-styled ethical fund manager Pathfinder Asset Management for misleading statements about its KiwiSaver funds' ethical investments.
The FMA said today that between October 2021 and May 2024, two advertisements from Pathfinder incorrectly claimed its
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