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Income Fund

INCOME FUND

A conservative investment option

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$1.0800
as at 21/01/20
4.6%
as at 31/12/2019
after fees and before tax
5.4%
as at 31/12/2019
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$14,790
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 December 2019

Sector Split

Geographic Split

as at 31 December 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 — December 2019

Your portfolios: Highlights and lowlights

 

While our Fixed Income Fund was down -0.1% for the month it finished 2019 very strongly with a return of 5.4%. Our investment in Dell International continued to perform strongly, rising 0.9% in value during the month.  This was in reaction to yet another steady set financial results. At the time of the results, management also reiterated their intention to use the company’s growing cash flow to further reduce the company’s debt burden.  We expect further improvements in the company’s credit risk profile over the coming 12 months, which in turn should further benefit our holding.

Rising interest rates put further downward pressure on the value of our fixed rate investments this month.  While this trend has persisted for the last three months, we see good reason to expect interest rates to first stabilise at around these levels before moving lower during the new year.

 


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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