Fund-vs-fund · Listed Property
Fisher Funds Property & Infrastructure FundvsResolution Capital Global Property Securities PIE Fund
Fisher Funds Property & Infrastructure Fund (fund size NZ$153.7 million, annual fund charge 1.53%) and Resolution Capital Global Property Securities PIE Fund (fund size NZ$177.5 million, annual fund charge 1.05%) are both listed property managed funds, as shown on Sorted Smart Investor on 22 May 2026; for the year to 31 March 2026 their 1-year returns after fees and tax were 6.31% and 6.53%, per their quarterly fund updates filed on FMA Disclose.
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.
Fisher Funds Property & Infrastructure Fund
Resolution Capital Global Property Securities PIE Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
Why these two differ
Fisher Funds Property & Infrastructure Fund and Resolution Capital Global Property Securities PIE Fund both hold 98.31% in growth assets and target listed property exposure, but differ materially in risk profile and cost structure. Resolution Capital's fund carries a risk indicator of 6 versus Fisher Funds' indicator of 4, reflecting meaningfully higher volatility and potential for larger short-term losses. This risk difference is the primary structural distinction between the two offerings.
On fees, Resolution Capital charges 1.05% annually against Fisher Funds' 1.53%—a 0.48 percentage point gap that compounds over time. Fisher Funds' fund is larger at NZD 153.7 million versus Resolution Capital's NZD 177.5 million.
Five-year performance data is available only for Fisher Funds, which returned 4.56% annualised over that period; Resolution Capital's latest QFU does not disclose a five-year return figure in this snapshot. Both funds' top holdings reflect global listed property concentration, though with different emphases: Fisher Funds weights NextEra Energy (8.2%) and CMS Energy (6.21%), while Resolution Capital emphasises Welltower (9.41%) and Equinix (8.41%) and holds 8.18% in cash. These differences in stock selection and cash positioning affect portfolio risk and income characteristics.
Verify the latest Product Disclosure Statement and Quarterly Fund Update for each fund on FMA Disclose before making any investment decision.
Comparison generated 2026-10-12 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
What's different at a glance
- Resolution Capital Global Property Securities PIE Fund charges 0.48% lower in annual fund charges (1.05% vs 1.53%).
- 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 15 listed property funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Fisher Funds
1.53%
Highest 17% of cohort
Resolution Capital
1.05%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
Fisher Funds
4.56%
Top 4% over 5 years
Resolution Capital
—
—
Fund size
Larger = more stable, lower close-risk
Fisher Funds
NZ$154m
Largest 10% in cohort
Resolution Capital
NZ$178m
Largest 3% in cohort
| Metric | Fisher Funds | Resolution Capital | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.53% | 1.05% | Lower is better |
| Risk indicator (1–7) | 4 | 6 | Higher = more volatility |
| 5-year return p.a. | 4.56% | — | Higher is better (past not future) |
| Fund size | NZ$154m | NZ$178m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 98% / 2% | 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. |
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.
What each fund says it does
Fisher Funds
Fisher Funds Property & Infrastructure Fund
The fund focuses on growth of your investment over the long term by investing in New Zealand and international property and infrastructure assetsFull Fisher Funds Fisher Funds Property & Infrastructure Fund profile →
Resolution Capital
Resolution Capital Global Property Securities PIE Fund
The Fund primarily invests in listed property and property-related securities, including real estate investment trusts (REITs), that derive most of their returns from rental income. The Fund’s investments provide exposure to a range of underlying real estate from around the world including but not limited to office buildings, shopping centres, industrial warehouses, residential communities, data centres and towers, self-storage, hotels and healthcare facilities. The Fund may also have exposure to companies which undertake activities such as real estate developmentFull Resolution Capital Resolution Capital Global Property Securities PIE Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Fisher Funds
LiveLast verified 2026-05-08
Resolution Capital
Common questions
What's the difference between the Fisher Funds Property & Infrastructure Fund and the Resolution Capital Global Property Securities PIE Fund?
Which fund has lower fees, Fisher Funds Property & Infrastructure Fund or Resolution Capital Global Property Securities PIE Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
