Property & Infrastructure Fund


A global investment choice


as at 31/07/2021
after fees and before tax
as at 31/07/2021
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 03/08/21
$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.


APPLY NOW » Request Info Pack »

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 July 2021

American Tower Corporation 7.40%
Infratil Limited 7.00%
Crown Castle International Corp 6.40%
Cash 11.00%

Biggest contributors/detractors

as at 31 July 2021

Infratil Limited »

-5% Share Price Change -0.40% Contribution to Return

American Tower Corporation

5% Share Price Change 0.30% Contribution to Return

American Water Works Company, Inc. »

10% Share Price Change 0.20% Contribution to Return

Sector Split

as at 31 July 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 — June 2021

Your portfolios: Highlights and lowlights


The Property and Infrastructure Fund returned 1.3% for the month.

 Napier Port (+5%) held an investor day during the month. The team highlighted progress with the its wharf expansion project, which is on time and budget and will expand capacity and increase efficiency within the port. Management outlined plans to grow earnings significantly over the next 5 years.

CMS Energy (-6%) underperformed as the company announced it will sell a non-core business which will temporarily reduce earnings. However, the proceeds will be used to accelerate the company’s decarbonisation of its electricity generation portfolio.

Fund resources

Fisher Funds Property & Infrastructure Fund Updates

Your portfolio team

Sam  Dickie

Sam Dickie »

Senior Portfolio Manager

Matt Peek

Matt Peek »

Investment Analyst


Is there anything we
can help you with?

Chat to us