What can the Fisher Funds Growth Fund actually invest in?
The fund's Statement of Investment Policy and Objectives (SIPO) defines the asset classes it can hold and the allowable target / min / max weights for each.
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Cash and cash equivalents | 5% | 0% | 20% |
| New Zealand fixed interest | 7% | 0% | 30% |
| International fixed interest | 8% | 0% | 30% |
| Total income assets | 20% | 0% | 35% |
| Unlisted property | 2% | 0% | 20% |
| Listed property | 2% | 0% | 15% |
| Australasian shares | 26% | 15% | 40% |
| International shares | 50% | 30% | 70% |
| Commodities | 0% | 0% | 5% |
| Total growth assets | 80% | 65% | 100% |
| Other | 0% | 0% | 10% |
Mandate flexibility (sum of max − min across all ranges): 265%. Wide range — high manager discretion typical of active management.
Responsible-investment approach
Fisher Funds invests responsibly by maintaining a Master Exclusion List (MEL) identifying countries, sectors and entities not aligned with its responsible investment approach or required to be excluded by law; integrating ESG factors, risks and opportunities into fundamental research using own research and a third-party ESG research provider; and exercising active stewardship through its Proxy Voting Policy across all relevant portfolios.
Derivatives policy
Each fund is permitted to use derivatives that reference investments authorised in the SIPO. Where derivatives are used, the resulting portfolio exposures to investments plus the economic exposure derived by derivative positions must comply with all appropriate guidelines in the SIPO.