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  • Mindful Money chief executive and founder Barry Coates said funds that his platform classed as mindful outperformed in all risk categories in the first quarter of this year

    Mindful Money chief executive and founder Barry Coates said funds that his platform classed as mindful outperformed in all risk categories in the first quarter of this year

    Mindful Money CEO and founder Barry Coates said his platform outperformed aware ranked funds in all risk categories during the first quarter of this year. Growth funds decreased by 12.4% on average, but only 7.8% if they were aware. Simplicity has outperformed the average in all three major categories of risk. CareSaver outperformed the average of 4.9% in the three major categories of risk. On average, KiwiSaver funds fell 2.1% in the quarter but the funds were down 1.8% conscious. The Sustainability Index Morningstar Global Markets dropped about 8% in the first quarter, outperforming the broader index of the global market by 1.5%. just The average fund balance decreased by 8.9%, but conscious options fell 6.9%. Booster outperformed the average balanced funds 2.9% and the average growth fund 2.7%. The Morningstar Sustainability Index Australia lost 22%, more than one percentage point better than the overall Australian equity market. Globally, Dan Lefkovitz, Morningstar strategist clues found 20 of the 21 members of the Sustainability Index Morningstar Family, which is methodologically aligned with the Morningstar Rating Sustainability Fund lost less than their equivalent wide market. These results show that ethical funds have shown resilience during the crisis Covid-19 so far. Bearing in mind the founder and CEO of Barry Coates said funds: Investors are always looking for an X-factor, especially now that they are losing money from their hard-earned savings. This analysis of quarterly results shows that being ethical doesnt mean a financial cost in fact, it shows that investors can have good financial returns and do good for the environment, climate and