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For urgent withdrawals, please contact our team regarding a partial option.

New Zealand Growth Fund

NEW ZEALAND
GROWTH FUND

Investments in your backyard

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13.1%
as at 30/09/2021
after fees and before tax
23.1%
as at 30/09/2021
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$173,595
inception date 10/08/1998
$15.1899
as at 26/10/2021
Minimum
investment
$100 per month

About the Fund

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.

Why New Zealand shares

  • Easy access to key people and information — Investing in our own backyard allows us to know our companies well, understand the economic and political environment in which they operate, and structure our portfolios to capitalise on the best growth opportunities available in NZ. 
  • Familiarity — One of the things that appeals to our clients about investing in New Zealand is familiarity. Many of the companies in the Fund are household names and chances are you have used their product/services at some point.

 

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


Significant holdings

as at 30 September 2021

Mainfreight Limited 18.3%
Fisher & Paykel Healthcare Corporation Limited 14.6%
Xero Limited 10.9%
Cash 5.5%

Biggest contributors/detractors

as at 30 September 2021

Xero Limited »

-8% Share Price Change -0.9% Contribution to Return

Infratil Limited »

6% Share Price Change 0.6% Contribution to Return

Auckland International Airport Limited

8% Share Price Change 0.6% Contribution to Return

Sector Split

as at 30 September 2021

Sector Split

Portfolio holdings

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.

view portfolio holdings »

 

Highlights and lowlights —  September 2021

Your portfolios: Highlights and lowlights

The New Zealand Growth Fund was up 0.9% for the month. Infratil (+6%) announced the launch of Gurin Energy, its fourth renewable energy platform and first in Asia, based on a team of people with a track record of success in South East Asia. This again demonstrates Infratil’s ability to grow and create value beyond the assets in its existing portfolio.

Small business software provider Xero (-8%) saw a fall in its share price late in the month as an uptick in interest rates prompted a sell-off in growth companies. There has been no change to the fundamental picture.

Fund resources

Fisher Funds New Zealand Growth Fund Updates

Your portfolio team

Sam  Dickie

Sam Dickie »

Senior Portfolio Manager

Matt Peek

Matt Peek »

Investment Analyst


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