Factual snapshot
Fisher Funds — review
Mechanical, source-cited snapshot of Fisher Funds's NZ retail managed-fund range. We don't rate or recommend — see a licensed financial adviser for personalised advice.
- Funds tracked
- 15
- Median annual fee
- 1.35%
- Median FMA risk
- 4/7
- Tracked NZ retail AUM
- $1.33 billion
Universe median 0.84%
Standardised 1–7 scale
Sum of fund sizes (11/15 on file)
About Fisher Funds
One of NZ’s largest active managers; growth-focused process across NZ, Aus, global and fixed income.
- Legal name
- Fisher Funds Management Limited
- Headquarters
- Takapuna
Fee position vs peers
Per-asset-class median annual fund charge for Fisher Funds vs the peer median across all other NZ managers in our coverage. Source: Sorted Smart Investor (FMA Disclose Quarterly Fund Updates).
| Asset class | Fisher Funds funds | Fisher Funds median fee | Peer median (n) | Position |
|---|---|---|---|---|
| Diversified | 6 | 1.41% | 0.99% (65) | priced 42 bps above the peer median (0.99%) |
| Australasian Equities | 3 | 1.42% | 1.00% (55) | priced 42 bps above the peer median (1.00%) |
| International Equities | 2 | 1.48% | 0.59% (79) | priced 89 bps above the peer median (0.59%) |
| International FI | 2 | 1.13% | 0.67% (29) | priced 45 bps above the peer median (0.67%) |
| NZ Fixed Interest | 1 | 0.97% | 0.60% (13) | priced 37 bps above the peer median (0.60%) |
| Listed Property | 1 | 1.53% | 1.02% (14) | priced 51 bps above the peer median (1.02%) |
Fee is the headline ongoing cost; strategy mix, hedging, performance fees and net return after fees also matter when comparing options.
Risk profile mix
Distribution of Fisher Funds's 11 funds across the FMA's standardised 1–7 risk indicator. The indicator is calculated from each fund's past five years of unit-price volatility and published on every Quarterly Fund Update.
Fisher Funds's funds
- Fisher Funds Conservative FundDiversifiedPIE · capped at PIR (max 28%) conservative1.35% fee 3/7 risk
- Fisher Funds Growth FundDiversifiedPIE · capped at PIR (max 28%) growth1.46% fee 4/7 risk
- Fisher Funds Aggressive FundDiversifiedPIE · capped at PIR (max 28%) aggressive
- Fisher Funds Balanced FundDiversifiedPIE · capped at PIR (max 28%) balanced
- Fisher Funds Balanced Strategy 40/60 FundDiversifiedPIE · capped at PIR (max 28%) balanced
- Fisher Funds Balanced Strategy 45/55 FundDiversifiedPIE · capped at PIR (max 28%) balanced
- Fisher Funds Australian Growth FundAustralasian EquitiesPIE · capped at PIR (max 28%)0.87% fee 5/7 risk
- Fisher Funds New Zealand Growth FundAustralasian EquitiesPIE · capped at PIR (max 28%)1.42% fee 5/7 risk
- Fisher Funds Trans Tasman Equity TrustAustralasian EquitiesPIE · capped at PIR (max 28%)1.63% fee 5/7 risk
- Fisher Funds Global FundInternational EquitiesPIE · capped at PIR (max 28%)1.64% fee 5/7 risk
- Fisher Funds International Growth FundInternational EquitiesPIE · capped at PIR (max 28%)1.31% fee 6/7 risk
- Fisher Funds BondPlus FundInternational FIPIE · capped at PIR (max 28%)1.26% fee 3/7 risk
- Fisher Funds Income FundInternational FIPIE · capped at PIR (max 28%)0.99% fee 3/7 risk
- Fisher Funds Property & Infrastructure FundListed PropertyPIE · capped at PIR (max 28%)1.53% fee 4/7 risk
- Fisher Funds New Zealand Fixed Income TrustNZ Fixed InterestPIE · capped at PIR (max 28%)0.97% fee 3/7 risk
Track record vs each fund's own market index
Each fund's Quarterly Fund Update reports its after-fee return next to the market index the manager itself nominated. This table counts, per fund, the years the fund's return exceeded that index. Mechanical count of disclosed figures — past performance is not a reliable indicator of future returns.
| Fund | Years above index | Years measured | Since inception (fund) | Since inception (index) | Data to |
|---|---|---|---|---|---|
| Fisher Funds Property & Infrastructure Fund | 7 | 11 | 11.34% | 9.37% | 31 March 2026 |
| Fisher Funds Growth Fund | 2 | 4 | 4.50% | 5.70% | 31 March 2026 |
| Fisher Funds New Zealand Growth Fund | 5 | 11 | 12.57% | 13.53% | 31 March 2026 |
| Fisher Funds Australian Growth Fund | 4 | 11 | 8.07% | 8.74% | 31 March 2026 |
| Fisher Funds International Growth Fund | 4 | 11 | 9.01% | 10.85% | 31 March 2026 |
| Fisher Funds Income Fund | 4 | 11 | 2.16% | 2.49% | 31 March 2026 |
| Fisher Funds Trans Tasman Equity Trust | 3 | 10 | 11.69% | 13.01% | 30/06/2022 |
| Fisher Funds BondPlus Fund | 3 | 10 | 2.23% | 3.48% | 30/06/2022 |
| Fisher Funds New Zealand Fixed Income Trust | 3 | 10 | 1.60% | 2.38% | 30/06/2022 |
| Fisher Funds Global Fund | 1 | 10 | 8.72% | 11.00% | 30/06/2022 |
| Fisher Funds Conservative Fund | 0 | 4 | 1.66% | 2.65% | 31 March 2026 |
Source: each fund's QFU / FMA consolidated fund-update data. "Data to" links the underlying document. Full cross-manager view: fund-vs-index consistency.
Questions about Fisher Funds
Is Fisher Funds a good fund manager?
Whether Fisher Funds suits any individual investor depends on the investor's goals, time horizon, risk tolerance, and how the fund fits an existing portfolio — factors that vary by individual. On this site we surface mechanical, comparable data points: Fisher Funds runs 15 retail managed funds in our coverage, with a median annual fund charge of 1.35% across that range (vs the NZ universe median of 0.84%), and a median FMA risk indicator of 4 out of 7. For personalised guidance, see a licensed financial adviser.
What does Fisher Funds charge?
Fisher Funds's 15 funds in our coverage carry a median annual fund charge of 1.35% (range 0.87% – 1.64%). The annual fund charge is the headline ongoing cost disclosed on every Quarterly Fund Update on the FMA Disclose register. Cross-validate via the per-fund pages, which link to source documents.
How big is Fisher Funds?
Across the 11 funds with on-file fund-size data, Fisher Funds's tracked NZ retail AUM totals NZD 1.33 billion. This is the sum of fund sizes disclosed in each fund's most recent Quarterly Fund Update on FMA Disclose and excludes KiwiSaver, wholesale and Australian-domiciled assets. Fisher Funds may manage materially larger assets in those categories.
Where is Fisher Funds based?
Fisher Funds (legal name: Fisher Funds Management Limited) is headquartered in Takapuna.
What kind of funds does Fisher Funds run?
Fisher Funds's range of 15 funds in our coverage is weighted toward diversified (6 funds). The range also includes 3 australasian equities funds and 2 international equities funds. See the full list at /providers/fisher-funds/.
Other managers running diversified funds
How we built this snapshot
Fund counts and category mix are from src/data/funds.ts (Range of Funds reconciled to the InvestNow + Sharesies + manager-direct universe). Annual fund charge, FMA risk indicator, five-year return and fund size are extracted from each fund's Quarterly Fund Update via Sorted Smart Investor (a Te Ara Ahunga Ora / Retirement Commission service that mirrors the FMA Disclose register). Cross-validate via each per-fund page, which links to the source PDS and Fund Update on FMA Disclose.
ManagedFundsNZ provides information only, not personalised financial advice. For advice, see a licensed financial adviser.