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New Zealand Growth Fund

NEW ZEALAND
GROWTH FUND

Investments in your backyard

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11.8%
as at 30/04/2022
after fees and before tax
-13.1%
as at 30/04/2022
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$141,297
inception date 10/08/1998
$11.5178
as at 25/05/2022
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 April 2022

Mainfreight Limited 19.1%
Fisher & Paykel Healthcare Corporation Limited 15.3%
Xero Limited 11.9%
Cash 0.9%

Biggest contributors/detractors

as at 30 April 2022

Fisher & Paykel Healthcare Corporation Limited

-12% Share Price Change -2.0% Contribution to Return

Xero Limited »

-5% Share Price Change -0.6% Contribution to Return

a2 Milk Company Ltd.

-13% Share Price Change -0.6% Contribution to Return

Sector Split

as at 30 April 2022

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 —  April 2022

Your portfolios: Highlights and lowlights

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.

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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