Fisher Funds Income Fund

Performance:
Since inception (annualised) »

4.6%

as at 31/10/2020
after fees and before tax

Performance:
1 year »

4.0%

as at 31/10/2020
after fees and before tax

If you had invested $10,000 at
inception, today it would be worth ...

$15,395

inception date 18/04/2011

Chart »

Unit price »

$1.1218

as at 26/11/20

Minimum
investment

$100 per month

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Fees »

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.

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

* New Zealand Government Stock Index (Inception to 31/10/2016), S&P/NZX 2 Year Swap Index (1/11/2016 to now)

Sector Split

as at 31 October 2020

Geographic Split

as at 31 October 2020

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.

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Highlights and lowlights —October 2020

Your portfolios: Highlights and lowlights

Investors are currently buoyed by both the ongoing resilience of the global economy and the proposition of yet even more fiscal and monetary support ahead. This helped propel the portfolios most economically sensitive assets higher on the month. These included both inflation-protected bonds as well as our holdings in both domestic and overseas banks.

As optimism surrounding a more robust economic recovery grows, investor demand for government bonds has waned. This in turn has caused the price of many of these safe-haven assets to retrace some of their recent strong performance. While we are holding less of this type of bond in the portfolio at present, the government bonds we do hold were some of our worst performers in October. The mildly improving economic cycle does provide a challenging backdrop for these low-risk assets at present. But despite this, we believe the strong diversification and liquidity benefits offered by such assets continues to justify their current allocation.