Munro expands access to climate focused fund

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

Munro said the move expands access to a strategy focused on companies positioned to benefit from the global decarbonisation trend.

The fund, which is available through NZX Wealth Technologies and Consilium Wrap, invests in a concentrated portfolio of global equities across four themes: clean energy, clean transportation, the circular economy and energy efficiency.

The strategy was initially launched as a wholesale fund in New Zealand in March 2025 through a partnership between GSFM and Munro Partners. Since launch, it has grown to NZ$71.82 million and delivered a return of 70.4% net of fees in the 13 months to 30 April 2026.

GSFM chief executive Damien McIntyre said the fund offers investors exposure to one of the most significant long term, structural shifts underway in global markets.

"As global capital markets continue to shift towards sustainability and thematic investing, the Fund will become increasingly relevant," McIntyre said.

"Having the support and seeding from KiwiSaver providers, Aurora Capital and SBS Wealth has strengthened our ability to deliver these products to New Zealand investors," he said.

The move comes as asset managers continue to develop products tied to energy transition and climate related investment opportunities, despite growing scrutiny around sustainable investing claims globally.

Munro Partners' Climate Leaders strategy seeks to identify companies expected to either enable or benefit from decarbonisation, reflecting a thematic approach that focuses on long term growth drivers rather than traditional sector allocations.

GSFM said demand from wholesale investors has supported the fund's growth since launch prompting the expansion into the retail market.

McIntyre said the firm was also assessing whether additional investment strategies could be introduced to address gaps in the New Zealand market.

"The GSFM team is reviewing its other existing strategies, as well as assessing new ones, to determine which will be suitable to fill in an investment gap for New Zealand investors," McIntyre said.

The fund is managed and issued by Adminis Funds Limited and represents the firm's first retail fund offering in New Zealand.