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Update - 28 February 2021

Given the latest COVID-19 update our whole team are now working from home. We’ve worked successfully this way before and know our organisation remains fully functional. Our Client Services team are available to answer any questions you have, although you may reach them faster by email. You can also check the balance of your account and make changes to your investment, such as updating your tax rate through Fisher Funds Online. We hope you and your families stay safe.

Property & Infrastructure Fund

PROPERTY &
INFRASTRUCTURE FUND

A global investment choice

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12.2%
as at 31/01/2021
after fees and before tax
-0.6%
as at 31/01/2021
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$40,349
inception date 5/12/2008
$3.1940
as at 26/02/21
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 31 January 2021

Infratil Limited 7.4%
Tilt Renewables Limited 6.8%
American Tower Corporation 6.1%
Cash 8.2%

Biggest contributors/detractors

as at 31 January 2021

Charter Hall Social Infrastructure REIT

-5% Share Price Change -0.3% Contribution to Return

Aeroports de Paris SA »

-10% Share Price Change -0.3% Contribution to Return

Flughafen Wien AG

-8% Share Price Change -0.3% Contribution to Return

Sector Split

as at 31 January 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 — January 2021

Your portfolios: Highlights and lowlights

 

Pipeline infrastructure providers Enterprise Products (+6%) and Kinder Morgan (+5%) started the year strongly as energy prices recovered strongly and industry activity increased.

Rio Tinto gave notice to Meridian Energy (-4%) and Contact Energy (-8%) that it will keep the Tiwai Point aluminium smelter open through to December 2024. The outcome avoids the worst case scenario for the New Zealand electricity sector as it prevents a demand shortfall and gives the companies timeto build replacement demand for 2025 and beyond. However, share prices in the sector have recently been volatile driven by heavy buying by exchange traded renewable energy funds at the end of 2020 and actually fell during January despite the positive news


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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