22 November 2022

    November 2022: Fisher Funds in the News


    Fisher Funds has an amazing team of experts who are often asked by journalists and media commentators for their opinions on all sorts of topics - from investment products like KiwiSaver and Managed Funds, to broader economic trends in New Zealand and around the world. These articles and comments appear in newspapers, radio programmes and other media channels.

    Read and listen to what the team were talking about in the last month.

    Listen: Crypto exchange FTX imploded this week

    17 November 2022

    Newstalk ZB

    Sam Dickie - Senior Portfolio Manager

    Over the last week, the cryptocurrency exchange FTX imploded after marketing itself as the safest and easiest way to get into crypto-based investing.

    The second biggest crypto exchange sought bankruptcy last week, and then company CEO Sam Bankman-Fried resigned.

    Turns out, FTX had just $900 million dollars in liquid assets against $9 billion in liabilities.

    Sam Dickie, Fisher Funds Senior Portfolio Manager theorised as to what something like this means for the crypto market going forward.

    Listen: The Bank of England is set to announce their interest rates

    3 November 2022

    Newstalk ZB

    Sam Dickie - Senior Portfolio Manager

    We had Australia’s Central Bank announce a slower rate hike earlier this week and the U.S Federal Reserve just went up another 75 basis points.

    And we're not far away from hearing what the Bank of England is going to do, as they’re set to announce their interest rates in a few hours.

    Sam Dickie from Fisher Funds talked us through the lead-up and explained why a historically high basis points raise is looking likely.

    Listen: Passive income hacks

    10 November 2022

    Shared Lunch Podcast

    David McLeish - Senior Portfolio Manager

    Fisher Funds Senior Portfolio Manager David McLeish joins Frances Cook on this podcast to discuss some key forms of investing for passive income – including companies that pay regular dividends, and bonds.

    Listen: Meta's third quarter earnings show their value is plunging

    27 October 2022

    Newstalk ZB

    Sam Dickie – Senior Portfolio Manager

    Some of the biggest U.S companies are reporting their third quarter earnings this week, and Meta's value is dropping.

    A notable observation from these reports shows that Meta's value has plunged a further $65 billion dollars after they reported a second quarter of declining revenues.

    Senior Portfolio Manager at Fisher Funds, Sam Dickie, explained how Meta could bounce back from this, especially considering the current social media landscape.

    Read: Stock Take: What will it take to break New Zealand’s listing drought

    21 October 2022

    NZ Herald

    David McLeish - Senior Portfolio Manager

    David McLeish, head of fixed interest at Fisher Funds, said Air New Zealand had some big capital expenses it needed to fund while an existing bond had also matured, meaning it needed to refinance that.

    But Air New Zealand will be paying more for the debt this time around, reflecting the rising interest rate environment. Its previous bond had a 4.25% coupon rate.

    McLeish said 6% was likely to be attractive to investors due to the airline's implicit government backing.

    Read here >

    Read: Why it is harder than ever to predict the economic weather

    19 October 2022


    David McLeish – Senior Portfolio Manager

    When stocks were soaring, the value of bonds used to decline but high inflation and interest rates are killing both at the same time now.

    Fisher Funds head of fixed income David McLeish says the hunt for more diversification is part of the reason Fisher Funds is launching an Australasian private debt fund this Thursday to lend directly to businesses – something that will likely be welcomed by many in the business community who have rued the reluctance of banks to lend for things that aren't property.

    Read here >

    If you would like to talk to someone about Fisher Funds KiwiSaver Scheme or our Managed Funds, please contact us, the team at Fisher Funds are here to help.