Israeli – Palestine conflict and investments identified by the Office of the United Nations High Commissioner for Human Rights (OHCHR)

Like everyone, we are concerned about the Israel-Palestine conflict and understand the questions arising in relation to investments held.

Below we provide you with some information about our funds.

We have compared the investment exposures of the Summer KiwiSaver scheme to the Human Rights Council report on Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and in the occupied Syrian Golan, dated February 2020, as well as the version updated as at 30 June 2023, which can be found here.

Using Summer KiwiSaver scheme data as 31 March 2024, our investigation has determined that the scheme’s main exposure is to Airbnb, via an investment in the Intermede Global Equity Fund. In addition the scheme has smaller investment exposures to Motorola Solutions, Expedia and Alstom, a function of its holdings in units issued by the Hunter Global Fixed Interest Fund: PIMCO Australia Pty Ltd is the investment manager of the fund.

We calculate these total exposures to be as follows:

Summer fund % value of aggregated exposures  basis net asset value of each fund as at 31 March 2024
Summer Global Fixed Interest -0.00000003%
Summer Conservative Selection 0.07%
Summer Balanced Selection 0.15%
Summer Growth Selection 0.23%
Summer Global Equities 0.67%


This is not a recommendation to buy or sell any financial product and does not take your personal circumstances into account.  We have prepared this web page in good faith based on information obtained from other sources, but we do not guarantee the accuracy of that information. We do not make any representation or warranty (express or implied) that this web page is accurate, complete, or current and to the maximum extent permitted by law disclaim any liability for loss which may be incurred by any person relying on this web page. We recommend you take financial advice before making investment decisions. We may update this page without notice.