Scroll
Property & Infrastructure Fund

PROPERTY &
INFRASTRUCTURE FUND

A global investment choice

APPLY NOW » REQUEST INFO PACK » PRINT »

12.7%
as at 31/12/2021
after fees and before tax
15.9%
as at 31/12/2021
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$47,652
inception date 5/12/2008
$3.6011
as at 25/01/2022
Minimum
investment
$100 per month

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, 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.

 

APPLY NOW » Request Info Pack »

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

* 65% S&P Global Infrastructure Net TR 70% hedged into NZD, 20% S&P/NZX All Real Estate (Including imputation credits) and 15% S&P/ASX 200 A-REIT 70% hedged into NZD


Significant holdings

as at 31 December 2021

Infratil Limited 7.5%
American Tower Corporation 7.1%
Union Pacific Corporation 6.0%
Cash 9.0%

Biggest contributors/detractors

as at 31 December 2021

Crown Castle International Corp

16% Share Price Change 1.0% Contribution to Return

American Tower Corporation

12% Share Price Change 0.8% Contribution to Return

Norfolk Southern Corporation

12% Share Price Change 0.6% Contribution to Return

Sector Split

as at 31 December 2021

Sector Split

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 »

 

Highlights and lowlights — December 2021

Your portfolios: Highlights and lowlights

The Property & Infrastructure (P&I) portfolio delivered a return of +5.6% in December versus its benchmark of +5.9%. Some companies that positively contributed to returns in the portfolio were:

Early childhood education centre owners Charter Hall Social Infrastructure (+11%) and Arena (+11%) both announced revaluations for their property portfolios for the last 6 months. These saw +12% and +14% uplifts in the book value of their assets respectively. This reflects continued strong demand from investors for childcare properties in Australia, which have proved resilient despite COVID restrictions.

Infratil (+3%) announced the further expansion of its diagnostic imaging business, acquiring Bay Radiology and Auckland Radiology Group. The company has now cumulatively invested around $700 million in this business as it successfully re-deploys proceeds from its sale of Tilt Renewables.

 

Fund resources

Fisher Funds Property & Infrastructure 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