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||15.3%|
Fisher & Paykel Healthcare Corporation Limited
|-12% Share Price Change||-2.0% Contribution to Return|
|-5% Share Price Change||-0.6% Contribution to Return|
a2 Milk Company Ltd.
|-13% Share Price Change||-0.6% 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 fell by -3.4% in April, more than the local market decline of -1.9% (S&P/NZX 50). The companies that had the largest share price moves were:
Pushpay (+16%) shares rose after the company announced it has received approaches from third parties interested in taking over the company.
a2 Milk (-13%) shares fell against the backdrop of Shanghai's extended lockdowns to curb the spread of Omicron. These lockdowns are creating renewed COVID-related supply chain challenges in getting product to market.
Is there anything we
can help you with?