Growing investments in our own backyard
The objective of the New Zealand Growth Fund is straightforward – to grow the value of investors’ capital by investing in a hand-picked portfolio of quality, growing New Zealand companies. We invest in the shares of New Zealand companies whose profits are likely to grow at a faster pace than the economy. These tend to be successful companies that offer a unique product or service, have a dominant market position or brand, or simply operate in a fast-growing sector.
We look for quality companies and are prepared to pay for them. You will have heard of quite a few of our portfolio companies – these are not ‘fly-by-nighters’. Once we buy shares in a company, we tend to hold them for a long time, unless the fundamental reason for buying no longer exists.
We invest in companies on the basis of their individual merits, and the company we like most will have the largest position in our portfolio. We will typically have between 15 and 20 companies at any one time. We do not want too many portfolio holdings as to dilute our efforts and knowledge, but we want enough to reduce the risk if something goes wrong.
We have applied our unique stock picking approach to this Fund for more than ten years, and are proud of the investment performance that we’ve achieved to date.
Keen to learn more about this Fund?
Click here to listen to our Senior Investment Analyst - Murray Brown
Current Unit Price (as at 02 February 2012) $3.3410
Fund Inception August 1998
How has the fund performed as at 31 January 2012
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 One Month |
Twelve Months |
Two Years* |
Three Years* |
Five Years* |
Seven Years* |
Since Launch* |
New Zealand Growth
(Average Annual Compound Return) |
+ 1.0% |
+ 5.0%
|
+ 4.3% |
+ 14.2% |
- 6.2% |
+ 1.9% |
+ 9.3% |
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Benchmark
(90 Day Bank Bill Rate) |
+ 0.2% |
+ 2.9% |
+ 2.9% |
+ 3.0%
|
+ 5.2% |
+ 5.8% |
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|
|
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* Annualised
Fund Performance as at 31 January 2012
Graph illustrates cumulative increase in unit price (after fees and tax)
To find out more about what these companies do and why we like them
click here.
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Carmel Fisher, Managing Director
Carmel has more than 20 years’ experience in the New Zealand share market. She spent her early career with two sharebroking firms before moving to Prudential Assurance in 1988. She was responsible for managing several share funds including the top-performing Emerging Companies Trust. Carmel joined Sovereign Assurance in 1994 to head its fund management division and left in August 1998 to set up Fisher Funds. Carmel is responsible for overseeing the New Zealand portfolios. ... [email] |
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Murray Brown, Senior Investment Analyst
Murray is predominantly responsible for researching New Zealand companies in the New Zealand portfolios. Murray’s career prior to joining Fisher Funds in March 2008 has predominantly been in sharebroking, most recently with First NZ Capital where he was Director of Research. In the 2006 INFINZ/National Business Review Industry Awards, Murray was also a finalist in the Research Analyst of the Year Award. ... [email]
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For more detail on our investment strategy and application forms, please refer to our investment statement.
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