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Property & Infrastructure Fund

PROPERTY &
INFRASTRUCTURE FUND

A global investment choice

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12.6%
as at 30/04/2021
after fees and before tax
27.4%
as at 30/04/2021
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$43,664
inception date 5/12/2008
$3.4858
as at 03/05/21
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, 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.

 

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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 30 April 2021

Tilt Renewables Limited 7.9%
Infratil Limited 7.4%
American Tower Corporation 7.3%
Cash 3.9%

Biggest contributors/detractors

as at 30 April 2021

Crown Castle International Corp

10% Share Price Change 0.5% Contribution to Return

Tilt Renewables Ltd.

6% Share Price Change 0.4% Contribution to Return

American Tower Corporation

7% Share Price Change 0.3% Contribution to Return

Sector Split

as at 30 April 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 — April 2021

Your portfolios: Highlights and lowlights

 

The Property and Infrastructure fund was up 2.8% for the month. US mobile phone tower providers American Tower (+7%) and Crown Castle (+10%) reported quarterly results, with an acceleration in services revenues, ahead of expectations. This is an early indicator of the growth coming as networks are built out to enable faster next generation “5G” mobile services.

Napier Port (+5%) increased profit guidance for the current financial year, reflecting better than expected primary sector market conditions, including log volumes in particular. This is helping make up for no cruise ship berthing fees.

Auckland Airport (-1%) opened quarantine-free travel with Australia during April. Traffic has been modest so far with passengers largely returning residents and those visiting friends and family. The easing of border restrictions with Australia will act as a test case for wider border openings with low-risk countries such as the Pacific Islands and certain Asian nations.

 


Fund resources

Fisher Funds Property & Infrastructure Fund Updates

Your portfolio team

Sam  Dickie

Sam Dickie »

Senior Portfolio Manager

Matt Peek

Matt Peek »

Investment Analyst


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