Performance chart
Fund performance figures are after deductions for charges but before tax. Please note that past performance is not necessarily indicative of future returns. Returns can be positive or negative, and returns over different time periods may vary. No returns are promised or guaranteed.
Fund highlights
March 2024
The New Zealand Growth Fund was up +4.2% in March versus the S&P/NZX 50 gross index which was up +3.3%.
Cinema software company Vista (+24%) shares gained strongly following strong investor interest in the wake of its late February update. Vista delivered a stronger-than-expected result and there is now a growing appreciation of the company’s progress towards its medium-term goals to transition customers to its suite of next generation cloud software. Small business software company Xero (+7%) also saw strong share price momentum following its positive investor day late in February.
Fisher & Paykel Healthcare (+5%) released updated guidance for its 2024 financial year, with sales and underlying profit after tax in the second half of the year 3% and 5% higher respectively versus previous guidance from November. Both hospital consumables and obstructive sleep apnea masks are experiencing stronger growth than anticipated.
Portfolio Team
Our Managed Funds
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Conservative Fund
Aims to provide stable returns over the long term by investing mainly in income assets with a modest allocation to growth assets.
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Growth Fund
Aims to grow your investment over the long term by investing mainly in growth assets.
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Income Fund
Aims to provide stable returns over the long term by investing in New Zealand and international fixed interest assets.
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Property & Infrastructure Fund
Focuses on growth of your investment over the long term by investing in New Zealand and international property and infrastructure assets.
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New Zealand Growth Fund
Focuses on growth of your investment over the long term by investing in quality New Zealand companies which can consistently produce increasing earnings.
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Australian Growth Fund
Focuses on growth of your investment over the long term by investing in quality Australian companies which can consistently produce increasing earnings.
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International Growth Fund
Focuses on growth of your investment over the long term by investing in quality international companies which can consistently produce increasing earnings.
