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flag New Zealand's FMA censures Pathfinder Asset Management for misleading ads on ethical investments.

flag New Zealand's Financial Markets Authority has censured Pathfinder Asset Management for misleading investors about its KiwiSaver funds' ethical investments. flag Ads claimed the funds avoided investments in fossil fuels and animal testing, but Pathfinder had exceptions for companies involved in these activities. flag The FMA is concerned this could mislead consumers and damage investor confidence. flag Pathfinder cooperated and removed the ads during the investigation.

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