Scroll
Australian Growth Fund

AUSTRALIAN
GROWTH FUND

Investments next door

APPLY NOW » REQUEST INFO PACK » PRINT »

7.5%
as at 30/06/2020
after fees and before tax
8.3%
as at 30/06/2020
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$29,828
inception date 15/06/2005
$4.5205
as at 06/07/20
Minimum
investment
$100 per month

About the Fund

The Australian Growth Fund gives you access to invest in quality, growing Australian businesses. The Australian market is deeper and broader than in New Zealand, which provides numerous opportunities to invest in great businesses. Being such a broad market with so many investment opportunities means some companies are often poorly researched and not well understood by the market. The outcome of this is that high quality companies can trade below their inherent value. Our team making investment decisions are well informed and spend their time conducting their own research on this market.

Why Australian shares?

There is a lot of diversity in the products and services that companies in the Australian market offer. Because of the population size,the growth path for Australian companies can be smoother than in New Zealand. This is important as it provides these companies a broader growth opportunity domestically, before they need to consider the challenging step of exporting their business model to chase growth.

 

APPLY NOW » Request Info Pack »

Growth of $10,000 invested in the fund since inception

** S&P/ASX Small Industrials Index (Inception to 31/1/2012), S&P ASX 300 Industrials ex top 20 70% hedged to NZD (1/2/2012 - 31/3/2015), S&P/ASX 200 70% hedged (1/4/2015 to now)


Significant holdings

as at 30 June 2020

Carsales.Com Limited 7.4%
CSL Limited 7.1%
Seek Limited 7.1%
Cash 5.4%

Biggest contributors/detractors

as at 30 June 2020

Carsales.Com Limited »

10% Share Price Change 0.7% Contribution to Return

Seek Limited »

9% Share Price Change 0.6% Contribution to Return

Commonwealth Bank of Australia »

9% Share Price Change 0.6% Contribution to Return

Sector Split

as at 30 June 2020

Sector Split

Portfolio holdings

In the portfolio holdings below you will find a diverse range of companies. Some of these will be brands you know well, and others may be new to you. The companies we invest in range from banks and fast food brands, to companies in the healthcare and tech sectors.

view portfolio holdings »

 

Highlights and lowlights — June 2020

Your portfolios: Highlights and lowlights

The Australian Growth Fund rose +3.7% (net) in June which compares to the +2.5% return for the ASX 200 Index (70% hedged into NZ$).

A heightened focus on respiratory health globally continues to drive demand for ventilators and masks, underpinning Resmed’s +16% (A$) share price rise in the month.  The challenges the Covid-19 crisis creates for hospital systems is also leading to increased interest in out-of-hospital healthcare solutions.  This is a primary focus of Resmed’s software division and provides another tailwind to Resmed’s growth runway.     

After being two of our strongest performing companies in recently, oOH!Media (-15.7%) and Credit Corp (-9.3%) were bottom of the table in June.  Neither company reported material news in the month.  However advertising markets remain weak (affecting oOH!Media).  A resurgence in Covid-19 cases in pockets of Australia and the US (Credit Corp’s key markets) weighed on its share price.


Fund resources

Fisher Funds Australian Growth Fund Updates

Your portfolio team

Robbie Urquhart

Robbie Urquhart »

Senior Portfolio Manager

Terry Tolich

Terry Tolich »

Senior Investment Analyst

Delano Gallagher

Delano Gallagher »

Investment Analyst


OUR MANAGED FUNDS

Is there anything we
can help you with?

Leave us a message