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Update - 28 February 2021

Given the latest COVID-19 update our whole team are now working from home. We’ve worked successfully this way before and know our organisation remains fully functional. Our Client Services team are available to answer any questions you have, although you may reach them faster by email. You can also check the balance of your account and make changes to your investment, such as updating your tax rate through Fisher Funds Online. We hope you and your families stay safe.

New Zealand Growth Fund

NEW ZEALAND
GROWTH FUND

Investments in your backyard

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13.1%
as at 31/01/2021
after fees and before tax
20.4%
as at 31/01/2021
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$159,102
inception date 10/08/1998
$13.5028
as at 01/03/21
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 January 2021

Mainfreight Limited 18.0%
Fisher & Paykel Healthcare Corporation Limited 17.6%
Xero Limited 10.3%
Cash 4.6%

Biggest contributors/detractors

as at 31 January 2021

Xero Limited »

-12% Share Price Change -1.4% Contribution to Return

Fisher & Paykel Healthcare Corporation Limited

5% Share Price Change 0.9% Contribution to Return

Mainfreight Limited »

-3% Share Price Change -0.5% Contribution to Return

Sector Split

as at 31 January 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 — January 2021

Your portfolios: Highlights and lowlights

Fisher & Paykel Healthcare (+5%) announced that sales growth accelerated further in the December quarter as COVID infections surged in many regions globally. Hospitals have reacted by preparing to treat more COVID patients, with F&P's Airvo and Optiflow nasal high flow therapy products increasingly being used as the first line of treatment for patients.

Vista (-11%) underperformed as the reacceleration of COVID in many regions pushes out the reopening of the global cinema industry. Around 55% of global cinema sites are currently open, which is less than at the end of September when around 75% of sites were open. However, the current rollout of vaccines provides comfort the industry will recover later in the year with Vista well positioned to benefit.  

 

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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