The Fisher Funds New Zealand Growth Fund is our flagship fund and was launched in August 1998. The fund aims to produce attractive long term returns by investing in quality companies chosen by our Investment Team. Typically the fund will be invested in 15 to 20 companies in at any one time. Often a company in the fund will have been chosen because it offers a unique product or service, has a dominant market position or brand, or operates in a fast growing sector.
|Fisher & Paykel Healthcare Corporation Limited||17.10%|
|7% Share Price Change||1.30% Contribution to Return|
|-5% Share Price Change||-0.50% Contribution to Return|
Delegat Group Limited
|-9% Share Price Change||-0.30% Contribution to Return|
In the portfolio holdings below you will find a range of well loved New Zealand companies from logistics providers like Mainfreight through to dairy pioneer The a2 Milk Company.
The New Zealand Growth Fund returned +3.7% in June. a2 Milk (+10%) rebounded in June. Pricing of its products on key online platforms recovered from recent low levels. Its sales rankings on major e-commerce platforms Tmall and JD.com were at similar levels to last year during the popular 618 sales festival. There are also some signs that some of its aged infant formula inventories are clearing out and being replaced by newer batches.
F&P Healthcare (+5%) hosted a three day Virtual Investor Series of webinars, where a range of product leaders in the business outlined in detail why its product offering is compelling. It boils down to its products leading to better patient outcomes versus alternatives, which ultimately saves hospitals and governments money! This supports our view that their therapies will continue to become more accepted and treat many more patients in the future.
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