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New Zealand Growth Fund

NEW ZEALAND
GROWTH FUND

Investments in your backyard

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$11.9806
as at 23/01/20
12.7%
as at 31/12/2019
after fees and before tax
37.0%
as at 31/12/2019
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$130,352
inception date 10/08/1998
Minimum
investment
$2,000

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.
Growth of $10,000 invested in the Fund since inception

View all resources for this fund »

Biggest contributors/detractors

as at 31 December 2019

a2 Milk Company Ltd.

19% Share Price Change 2.8% Contribution to Return

Fisher & Paykel Healthcare Corporation Limited

16% Share Price Change 2.0% Contribution to Return

Xero Limited »

16% Share Price Change 1.4% Contribution to Return

Sector Split

as at 31 December 2019

Sector Split

Significant Holdings

as at 31 December 2019

a2 Milk Company Ltd. 16.1%
Fisher & Paykel Healthcare Corporation Limited 12.9%
Mainfreight Limited 12.3%
Cash 4.23%

Your portfolio team

Sam  Dickie

Sam Dickie »

Senior Portfolio Manager

Matt Peek

Matt Peek »

Investment Analyst


Highlights and lowlights — December 2019

Your portfolios: Highlights and lowlights

The NZ Growth Fund posted returns of 2.1% in December, ahead of the local share market which returned +1.6% (S&P/NZX50G). This capped an extremely strong quarter for the fund which was up 13.7% vs the local share market +5.3%. The 12 month return for the year was a staggering 37.0%.

Summerset (+15.6%) continued its extraordinarily strong run. The stock is up almost 70% from its lows six months ago. The ongoing recovery in particularly the Auckland housing market after the sharp falls in mortgage rates has been a key driver as was the announcement of Summerset’s first foray into the Australian market. More recently, the takeover bid for lower quality competitor Metlifecare by offshore entity Asia Pacific Village Group has further driven sector performance. 

In what was a fairly quiet month to end a strong year for markets, Xero and A2 Milk drifted lower on no news and profit taking after rallying very strongly in November.

Portfolio holdings

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 »


Fund resources

Fisher Funds New Zealand Growth Fund Updates

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