Questions about
Fisher Funds New Zealand Growth Fund
4 commonly-asked questions, answered with mechanical facts sourced from the Fisher Funds New Zealand Growth Fund's current Product Disclosure Statement, Quarterly Fund Update, and Other Material Information document — all lodged on the FMA Disclose register.
1. Is my money safe with Fisher funds?
Fisher Funds is a registered fund manager regulated by the Financial Markets Authority (FMA). The Fisher Funds New Zealand Growth Fund itself is held in a separate legal entity and governed under the Financial Markets Conduct Act 2013, meaning your investment is protected from the company's creditors. For detailed information on fund governance and protections, check the Product Disclosure Statement (PDS) on the manager's website at https://fisherfunds.co.nz or the FMA register at https://disclose-register.companiesoffice.govt.nz/
2. What are the downsides of growth funds?
Growth funds typically carry higher volatility and short-term losses because they hold mostly growth assets (this fund holds ~98.31% growth assets). The Fisher Funds New Zealand Growth Fund has a Risk Indicator of 5/7 on the FMA standardised scale, meaning it is exposed to significant price fluctuations and may be unsuitable for investors who need their money within 3–5 years or cannot tolerate short-term losses. The fund's 5-year return after fees and before tax was 0.12% p.a., demonstrating that growth funds can deliver low or negative returns over certain periods.
3. Are Fisher investments fees high?
The Fisher Funds New Zealand Growth Fund charges an annual fund charge of 1.42% p.a., which is higher than the peer-cohort average of 0.95% p.a. for comparable funds. Check the latest Quarterly Fund Update (QFU) and Product Disclosure Statement on https://fisherfunds.co.nz for a full breakdown of all charges and fees.
4. How can I get 15% return on investment?
No investment strategy can guarantee a specific return like 15% p.a. The Fisher Funds New Zealand Growth Fund's 5-year return after fees and before tax was 0.12% p.a., reflecting that actual returns vary significantly depending on market conditions, timing, and the asset mix over time. For information on past performance and the risks involved, see the fund's latest Quarterly Fund Update and Product Disclosure Statement.
Primary sources