The information that you provide us in this application and which you may provide us in the future may be used by Fisher Funds, the Supervisor and any related entities of either, your financial adviser or the distribution entity through which you joined the Scheme (if applicable) and by other service providers to the Scheme to provide services in relation to your investment and to promote to you other products and services. You have the right to access the information held by us and you may also request that it be corrected by contacting us. We will provide you (on request) with the name and address of any entity to which information has been disclosed.
How can we help? Start typing and press Enter to search
Level 2 Update
The Fisher Funds team is back to being primarily office based. Our team will be fully compliant with all the expectations set out by the Government, and if you are visiting us you can be assured that we will be operating a safe hygienic environment, and observing social distancing guidelines.
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
* 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
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).
The Property & Infrastructure Fund returned +2.5% in August, versus its benchmark which returned +2.1%.
Childcare landlords Arena (+14%) and Charter Hall Social Infrastructure (+12%) reported solid results, supported by the essential nature of childcare and the Australian government's policies to ensure a healthy childcare industry during and after COVID. Excluding Victoria which is seeing continued lockdowns (and special support), attendance is within 5% of pre COVID levels which means tenants have remained profitable. Rent collection has been very high with a very minor amount deferred or forgiven, generally in exchange for extended lease terms.
US cell tower companies American Tower (-5%) and Crown Castle (-2%) declined as US interest rates rose from recent lows, which typically reduces the value investors are willing to pay for such defensive investments. The attractive long term fundamentals of the companies remain, but they have recently lagged more economically exposed names in the economic recovery following their very resilient performance during COVID.
Chart »
Apply Now »
Fees »
