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.
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.
|Tilt Renewables Limited||6.8%|
|American Tower Corporation||6.1%|
Charter Hall Social Infrastructure REIT
|-5% Share Price Change||-0.3% Contribution to Return|
|-10% Share Price Change||-0.3% Contribution to Return|
Flughafen Wien AG
|-8% Share Price Change||-0.3% Contribution to Return|
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).
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
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