Property and Infrastructure Fund Investment | Fisher Funds Scroll
Property & Infrastructure Fund


A global investment choice


as at 31/05/2022
after fees and before tax
as at 31/05/2022
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
inception date 5/12/2008
as at 27/06/2022
$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.


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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 31 May 2022

American Tower Corporation 9.3%
Infratil Limited 9.0%
Crown Castle International Corp 6.7%
Cash 4.2%

Biggest contributors/detractors

as at 31 May 2022

Goodman Group »

-14% Share Price Change -0.8% Contribution to Return

American Tower Corporation

6% Share Price Change 0.7% Contribution to Return

Infratil Limited »

-6% Share Price Change -0.6% Contribution to Return

Sector Split

as at 31 May 2022

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 — May 2022

Your portfolios: Highlights and lowlights

The Property & Infrastructure Fund was down -2.6% in May, more than its benchmark which declined -0.6%. Companies that meaningfully influenced portfolio returns were:

Enterprise Products (+6%) and Kinder Morgan (+8%) continued to benefit from the ongoing imbalance in global energy markets as their US based networks allow producers to get energy products to their customers. Prices and activity levels in the sector continued to increase which is beneficial for the companies.

The share prices of childcare focused landlords Arena (-11%) and Charter Hall Social Infrastructure (-10%) fell despite Australia electing a Labour government during the month with a major policy commitment of A$5.4 billion in extra childcare funding. This illustrates the impact of sentiment on the market this month with macroeconomic factors weighing on sentiment despite positive fundamental developments for the companies.

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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