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New Zealand Growth Fund

NEW ZEALAND
GROWTH FUND

Investments in your backyard

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12.9%
as at 31/07/2021
after fees and before tax
14.9%
as at 31/07/2021
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$162,017
inception date 10/08/1998
$14.6114
as at 04/08/21
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 31 July 2021

Mainfreight Limited 18.80%
Fisher & Paykel Healthcare Corporation Limited 17.10%
Xero Limited 11.50%
Cash 4.60%

Biggest contributors/detractors

as at 31 July 2021

Mainfreight Limited »

7% Share Price Change 1.30% Contribution to Return

Infratil Limited »

-5% Share Price Change -0.50% Contribution to Return

Delegat Group Limited

-9% Share Price Change -0.30% Contribution to Return

Sector Split

as at 31 July 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 — June 2021

Your portfolios: Highlights and lowlights

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.

 

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


OUR MANAGED FUNDS

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