Our Investment Approach - Milford Asset

Our approach

Our overarching aim is to grow your wealth over time. We are a fund manager with the talent and skill to deliver on investors' objectives through our range of diversified investment solutions.

Our active management approach:

As markets change, we constantly re-evaluate our investments to achieve the best outcomes.

We take advantage of investment opportunities as they arise and seek to minimise downside risk when markets are less favourable.

We interact with hundreds of companies each year to assess where your money should and shouldn’t be invested.

We research investments to identify potential opportunities others may not see.

Responsible Investing

Our responsible investing approach, like our active management philosophy, is anchored in engagement.

Our responsible investing consideration goes beyond the industries on our exclusion lists. The company research we do to determine if we invest or not includes ESG (environmental, social and governance) considerations.  Once we invest, our position as a larger shareholder with an active management style means our ongoing engagements with investment companies can drive continual improvements of responsible practices over time.

Outside of our investment process, we are committed to making a positive social impact within the New Zealand community through our diverse sponsorship program. You can view more information about our various community partners on our sponsorship page.

As part of our commitment to responsible investing, Milford is a signatory to the United Nations Principles for Responsible Investment and a member of the Responsible Investment Association Australasia.

We have adopted multiple approaches to integrate consideration of environmental, social, and governance (ESG) factors into our investment process:

For Milford, responsible investing means we adopt the following approaches:


Across all Milford funds, including our KiwiSaver funds, we will not directly invest in
companies that are directly involved in the following activities:

• the manufacture of cluster munitions
• the manufacture or testing of nuclear explosive devices (NEDs)
• the manufacture of anti-personnel mines
• the manufacture of tobacco
• the processing of whale meat
• recreational cannabis, and
• the manufacture of civilian automatic and semi-automatic firearms, magazines or parts

Click here to view our current Exclusion List.

To the extent it is feasible and commercially prudent, we will avoid indirect investment in companies on the Exclusion List (i.e. through ETFs or other collective investment vehicles). These types of investments are assessed on a case-by-case basis by our portfolio managers and any potential for indirect exposure is carefully considered and factored into investment selection.


The inclusion of environmental, social and governance (ESG) factors in the investment decision making process.


As a partial owner of the companies we invest in, we engage with companies regarding important ESG issues.

Proxy Voting

We are an advocate for strong corporate governance, shareholder rights, and transparency. We endeavour to exercise our proxy voting rights wherever possible and in a manner which reflects an understanding of the environmental, social, and governance impact of our investee companies.

For further information on Milford’s approach to responsible investing, please see our Responsible Investment Policy.


View our investment process


Your rights as an investor

At Milford, we believe in a set of seven Investor Rights.


Our Funds

View our diversified range of funds.

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