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Property & Infrastructure Fund

PROPERTY &
INFRASTRUCTURE FUND

A global investment choice

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11.6%
as at 30/06/2020
after fees and before tax
-5.2%
as at 30/06/2020
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$35,519
inception date 5/12/2008
$2.8562
as at 03/07/20
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 June 2020

Crown Castle International Corp 7.7%
American Tower Corporation 7.5%
Infratil Limited 6.1%
Cash 6.0%

Biggest contributors/detractors

as at 30 June 2020

Flughafen Wien AG

-10% Share Price Change -0.5% Contribution to Return

Tilt Renewables Ltd.

10% Share Price Change 0.5% Contribution to Return

Crown Castle International Corp

-2% Share Price Change -0.4% Contribution to Return

Sector Split

as at 30 June 2020

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 — June 2020

Your portfolios: Highlights and lowlights

 

The Property & Infrastructure Fund returned -0.9% in June, ahead of its benchmark at -2.2%.

Diversified property owner and manager Stride Property (+13%) announced its fiscal 2020 result. Despite some rent relief due to COVID, its balanced portfolio and conservative level of gearing meant it was able to maintain its dividend. It continued to grow its Real Estate Investment Management (REIM) business +16% and this growth should continue with the formation of the Industre industrial property joint venture, which came into effect on 30 June.

Childcare landlord Arena REIT (-9%) raised A$75 million to provide capacity to make further investments. This was unexpected as the company was already conservatively geared and has not been overly impacted from COVID, with its centres remaining open as essential services and childcare operators well supported by government initiative. The company has a strong track record of investing wisely to deliver investor returns so we participated in the raising.

 

 


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

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