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Income Fund

INCOME FUND

A conservative investment option

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$1.0439
as at 15/04/19
4.7%
as at 31/03/2019
after fees and before tax
4.6%
as at 31/03/2019
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$14,380
inception date 18/04/2011
Minimum
investment
$2,000

About the Fund

The Income Fund gives our clients access to a diverse portfolio of fixed interest investments from around the globe. This fund combines our rigorous investment research with active portfolio management. As well as being an option to invest in this fund as part of a diversified investment strategy across our managed funds, this fund offers an alternative to bank deposits. Your money is invested throughout the world in a range of industries and sectors that are not available in Australasia, providing added diversification. Because this fund is designed to be a more conservative fund there are no investments in shares. You can also access your money at any time and there is a low minimum for investment.

Why choose the Income Fund

Cash and fixed interest plays an important stabilising role in any investment portfolio. Think of it as something of a financial umbrella to offer your portfolio protection in difficult market conditions. This is because these types of investments are expected to offer more stable, though lower, returns over the long term.

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

View all resources for this fund »

Sector Split

as at 31 March 2019

Sector Split

Geographic Split

as at 31 March 2019

Sector Split

Your portfolio team

David McLeish

David McLeish »

Senior Portfolio Manager

Quin Casey

Quin Casey »

Senior Investment Anaylst

Matt Logan

Matt Logan »

Senior Investment Analyst

Lyle  McNee

Lyle McNee »

Investment Analyst


Highlights and lowlights — March 2019

Your portfolios: Highlights and lowlights

Interest rates continued to follow the global growth outlook lower this month.  Because bond prices and interest rates move in opposite directions, when interest rates fall like this the value of our assets typically rise.  However, our decision to hold fixed interest assets that are even more sensitive to interest rate movements, has provided the Fund with an outsized boost to returns than would have otherwise been expected.

The results out of our portfolio companies this month were generally very pleasing.  However, the operational improvement at Boparan (UK food manufacturer) continues to lag behind expectations.  While there are now clear signs of a stabilisation in their core business operations, the company still has some way to go in convincing a wider set of investors that a sustainable turn-around is underway.  We continue to remain engaged with the company and are closely monitoring the progress they are making on the execution of their new strategy.

 


Portfolio holdings

Portfolio holdings

The Fund holds a range of different investments, including corporate and Government bonds, as well as cash holdings. See below for more detail on these.

view portfolio holdings »


Fund resources

Fisher Funds Income Fund Updates

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