Fund-vs-fund · International Equities

Antipodes Global Fund – Long (PIE)vsFisher Funds Global Fund

Both are International Equities funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.

Antipodes

Antipodes Global Fund – Long (PIE)

PIE · capped at PIR (max 28%)

Fisher Funds

Fisher Funds Global Fund

PIE · capped at PIR (max 28%)

Where you can buy these

Platform availability confirmed within the last 180 days. This is a statement of availability, not a recommendation — ManagedFundsNZ is not a Financial Advice Provider. Check the current PDS before investing.

Antipodes Global Fund – Long (PIE)

Available on InvestNow→

Fisher Funds Global Fund

Available on InvestNow→

What's different at a glance

Antipodes Global Fund – Long (PIE) charges 0.65% lower in annual fund charges (0.99% vs 1.64%).
Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Where each fund sits in its cohort

Percentile rank vs all 84 international equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.

Annual fund charge

Lower is better

Antipodes

0.99%

Upper half of cohort

Fisher Funds

1.64%

Highest 8% of cohort

5-year return p.a.

Past performance — not a predictor

Antipodes

13.09%

Top 13% over 5 years

Fisher Funds

5.51%

Bottom 20% over 5 years

Fund size

Larger = more stable, lower close-risk

Antipodes

NZ$138m

Upper half by size

Fisher Funds

NZ$152m

Upper half by size

Metric	Antipodes	Fisher Funds	Lower / higher is
Annual fund charge	0.99%	1.64%	Lower is better
Risk indicator (1–7)	4	5	Higher = more volatility
5-year return p.a.	13.09%	5.51%	Higher is better (past not future)
Fund size	NZ$138m	NZ$152m	Larger = more stable, lower close-risk
Growth / income split	98% / 2%	78% / 22%	More growth = higher long-run return + volatility
NZ tax structure	PIE (PIR-capped)	PIE (PIR-capped)	PIE = simpler. FIF = annual return.
Currency hedging	—	—	Hedged smooths NZD/foreign FX moves at a small cost.
Responsible investment screening	No	No	Specific exclusions live in each fund's SIPO.
Available via	Direct	Direct	Platforms accepting retail subscriptions.

Sources:Antipodes on Sorted Fisher Funds on Sorted

Portfolio overlap

How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.

Matching holdings

of each fund's top 10

Antipodes weight in shared

8.8%

of Antipodes Global Fund – Long (PIE) top 10 is shared

Fisher Funds weight in shared

7.0%

of Fisher Funds Global Fund top 10 is shared

Holding	Antipodes	Fisher Funds	Min weight
Microsoft CorporationUS	2.52%	3.21%	2.52%
Amazon.Com, Inc.US	3.48%	2.22%	2.22%
NVIDIA CorporationUS	2.77%	1.57%	1.57%

"Min weight" = the smaller of the two weights — a conservative read of how much exposure you'd have to that position if you held both funds.

What each fund says it does

Antipodes

Antipodes Global Fund – Long (PIE)

The fund invests in the Antipodes Global Fund - Long - UCITS (underlying fund) and cash or cash equivalent securities. The underlying fund's investment exposure is predominantly to a broad range of international shares listed on stock exchanges in developed and emerging markets. The underlying fund may use exchange traded derivatives for risk management purposes and to achieve equity exposure.

Full Antipodes Antipodes Global Fund – Long (PIE) profile →

Fisher Funds

Fisher Funds Global Fund

The fund focuses on growth of your investment over the long term by investing in international companies

Full Fisher Funds Fisher Funds Global Fund profile →

Documents

Crawled directly from each manager's website. How we record provenance →

Antipodes

Not yet crawled. View fund page for FMA Disclose link.

Fisher Funds

Live

Last verified 2026-05-08

Common questions

What's the difference between the Antipodes Global Fund – Long (PIE) and the Fisher Funds Global Fund?

Both are international equities funds available to NZ retail investors. Antipodes Global Fund – Long (PIE) charges 0.65% lower in annual fund charges (0.99% vs 1.64%).

Which fund has lower fees, Antipodes Global Fund – Long (PIE) or Fisher Funds Global Fund?

Antipodes Global Fund – Long (PIE) has the lower annual fund charge (0.99% p.a. vs 1.64% p.a.). Source: each fund's most recent Quarterly Fund Update on the FMA Disclose register.

How do the 5-year returns compare?

Antipodes Global Fund – Long (PIE)'s 5-year return p.a. is 13.09% and Fisher Funds Global Fund's is 5.51% (after fees, before tax). Past performance is not a reliable indicator of future returns.

Are both funds PIE-taxed in NZ?

Yes. Both are NZ Portfolio Investment Entities (PIEs). Investor tax on the fund's income is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Where can I read the official documents for these funds?

Both funds publish their Product Disclosure Statement (PDS), Statement of Investment Policy (SIPO) and Quarterly Fund Update (QFU) on the FMA Disclose register at disclose-register.companiesoffice.govt.nz. Always read the current PDS before investing.

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Important: This comparison is general information only — not personalised financial advice. Past performance is not a reliable indicator of future returns. The right fund for you depends on your personal circumstances. Read each fund's Product Disclosure Statement and consider speaking to a licensed financial adviser.