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Property & Infrastructure Fund

PROPERTY &
INFRASTRUCTURE FUND

A global investment choice

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$3.1296
as at 10/10/19
13.4%
as at 30/09/2019
after fees and before tax
23.0%
as at 30/09/2019
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$39,028
inception date 5/12/2008
Minimum
investment
$2,000

About the Fund

The Fisher Funds Property & Infrastructure Fund aims to achieve positive returns over the long term. We sometimes refer to this fund as the “backbone” fund because the companies within the portfolio own assets which are the backbone of society such as airports, railroads, power companies, industrial buildings and power companies. This fund is invested in a handpicked portfolio of high quality companies.

Why Property & Infrastructure

This type of asset is appealing as they typically generate predictable and recurring revenue streams through the investment cycle. This is because they provide essential products or services.

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

View all resources for this fund »

Biggest contributors/detractors

as at 30 September 2019

Meridian Energy Limited »

7% Share Price Change 0.4% Contribution to Return

Infratil Limited »

8% Share Price Change 0.3% Contribution to Return

Charter Hall Education Trust »

-6% Share Price Change -0.2% Contribution to Return

Sector Split

as at 30 September 2019

Sector Split

Significant Holdings

as at 30 September 2019

Crown Castle International Corp 6.9%
American Tower Corporation 6.1%
Meridian Energy Limited 5.8%
Cash 6.2%

Your portfolio team

Sam  Dickie

Sam Dickie »

Senior Portfolio Manager

Matt Peek

Matt Peek »

Investment Analyst


Highlights and lowlights — September 2019

Your portfolios: Highlights and lowlights

In September the Property & Infrastructure Fund returned +0.6%, lagging its benchmark of +1.6%.

Auckland industrial property landlord Goodman Property Trust (+2.5%) acquired a building in Mt Wellington for $65 million. The acquisition is in line with Goodman's strategy of securing well-located properties with access to infrastructure and proximity to consumers, being the key requirements for its fulfilment and logistics tenants. The site provides an attractive rental return from the current tenant, plus has the option to add value from redeveloping the site in the future.

The US cell tower owners American Tower and Crown Castle (both -3.5%) gave back some of their strong recent returns (both were up around +9% in August) because interest rates in the US rebounded from their lows. The outlook for both companies remains strong, underpinned by mobile network operators investing in their 5G rollout of new equipment.

 


Portfolio holdings

Portfolio holdings

You can see the companies this Fund invests in below. Typically investments include airports, railroads power companies, cellphone tower networks and include Real Estate Investment Trusts (REIT’s).

view portfolio holdings »


Fund resources

Fisher Funds Property & Infrastructure Fund Updates

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