Scroll

Coronavirus support

Latest update (2 April) — Managing international shares in the coronavirus crisis.
Watch now 

FAQs — Should I move to a conservative fund because my KiwiSaver is changing?
Read FAQs ›

New Zealand Growth Fund

NEW ZEALAND
GROWTH FUND

Investments in your backyard

APPLY NOW » REQUEST INFO PACK » PRINT »

11.7%
as at 31/03/2020
after fees and before tax
1.2%
as at 31/03/2020
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$109,975
inception date 10/08/1998
$9.7791
as at 31/03/20
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.

 

APPLY NOW » Request Info Pack »

Growth of $10,000 invested in the fund since inception


Significant holdings

as at 31 March 2020

Fisher & Paykel Healthcare Corporation Limited 17.0%
a2 Milk Company Ltd. 16.0%
Mainfreight Limited 14.4%
Cash 7.4%

Biggest contributors/detractors

as at 31 March 2020

Vista Group International Ltd

-63% Share Price Change -3.5% Contribution to Return

Fisher & Paykel Healthcare Corporation Limited

18% Share Price Change 3.4% Contribution to Return

Infratil Limited »

-24% Share Price Change -2.2% Contribution to Return

Sector Split

as at 31 March 2020

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 — March 2020

Your portfolios: Highlights and lowlights

The NZ Growth Fund posted returns of -12.6% in March, outperforming the local share market which returned -13.0% (S&P/NZX50G). 

There have been clear winners and losers in the portfolio over the month with some companies experiencing better prospects as a result of the coronavirus crisis and others in the eye of a storm. 

Fisher & Paykel Healthcare (FPH), as a leading global provider of respiratory equipment, is important in helping combat COVID-19. Demand for its products is strong. Accordingly it’s share price bucked the negative trend rising 17.8% for the month. It is positive, both for shareholders and patients, that FPH had flex capacity on hand so it could ramp production to meet increased demand. The company has been able to boost output in its hospital division by 30% with just two weeks lead time .  We are proud to have Fisher & Paykel Healthcare as the biggest position in our portfolio.  

Cinema software provider Vista (-63.3%) is right in the eye of the COVID-19 storm.  And given almost every cinema globally is shut and they are all Vista’s customers and most are not paying Vista, this is very painful.  We have spoken to Vista's management and board a number of times and also had calls with multiple global cinema chains. We have modelled the monthly liquidity position to ensure the company can survive if the current situation is drawn out and are comfortable management and the board are making the right  decisions to guide the company through tough times. The long-term story and moat around Vista’s core cinema business is intact.  

 

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

Is there anything we
can help you with?

Leave us a message