Using the most recent returns and fund update reports from December 2021, we will examine Fisher Funds TWO’s recent KiwiSaver Performance.
Fisher Funds TWO is issued by Fisher Funds, which is the fourth largest KiwiSaver provider in New Zealand. Fisher Funds TWO currently have over 230,000 KiwiSaver members. They offer five different KiwiSaver Funds, ranging from a lower-risk preservation fund to a higher-risk equity fund.
Rising interest rates have pushed bond prices lower and led to negative returns for many sovereign and investment grade bonds indices. New Zealand share market, which has a high proportion of dividend yielding stocks (like electricity generation companies and listed property trusts) could also be more interest rate sensitive and have been impacted by rising rates. As a result, these shares underperformed global markets this year. Global equity markets on the other hand have done a much better job, with both the US and Europe markets outstripping inflation by well over 10%.
Table of Contents
Performance of Fisher Funds TWO KiwiSaver Funds
Fisher Funds TWO Conservative Fund
Fisher Funds TWO Balanced Fund
News about Fisher Funds TWO
Fisher Funds TWO reduced the account fee on members’ KiwiSaver account from $1.95 per month or $23.40 per year, to $1.50 per month or $18 per year effective from 1 September 2021.
Performance of Fisher Funds TWO KiwiSaver Funds
|
1 month |
3 months |
1 year |
3 years |
5 years |
Since Inception |
|
|
Conservative |
-0.7% |
-4.3% |
-1.4% |
3.3% |
4.2% |
5.1% |
|
Balanced |
0.0% |
-6.1% |
0.3% |
7.1% |
7.3% |
6.3% |
|
Growth |
1.2% |
-5.3% |
3.2% |
9.0% |
8.7% |
6.4% |
Sourced from Fisher Funds TWO fund performance report
*These returns are to 31 March 2022 and are before tax and after fund management fees. Past performance is not necessarily an indicator of future performance, and return periods may differ.
Note: The following information is sourced from Fisher Funds TWO Quarterly Fund updates published on 9 February 2022.
Fisher Funds TWO Conservative Fund
The Conservative Fund aims to provide stable returns over the long term with income assets as its main investment allocation and modest allocation to growth assets. The Fund has had a 1-month return of -0.7%, 1-year return of -1.4% and a since inception return of 5.1%.
*The following is Sourced from Fisher Funds TWO Conservative Fund Update
Returns
Fees
The total annual fees for investors in the Fisher Funds TWO Conservative Fund are 0.92% per year, with an annual account fee of $18.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows Fisher Funds TWO’s top 10 investments in the Conservative KiwiSaver Fund, which make up 20.41% of the fund.
Fisher Funds TWO Balanced Fund
The Balanced Fund aims to provide a balance between the stability of returns and growing the investment over the long term by investing in both income and growth assets. The Fund has had a 1-month return of 0.0%, a 1-year return of 0.3%, and a since inception return of 6.3%.
*The following is Sourced from Fisher Funds TWO Balanced Fund Update
Returns
Fees
The total annual fees for investors in the Fisher Funds TWO Balanced Fund are 0.94% per year, with an annual account fee of $18.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows Fisher Funds TWO’s top 10 investments in the Balanced KiwiSaver Fund, which make up 20.61% of the fund.
Fisher Funds TWO Growth Fund
The Growth Fund aims to grow investment over the long term by investing mainly in growth stocks. The Fund has had a 1-month return of 1.2%, a 1-year return of 3.2%, and a since inception return of 6.4%.
*The following is Sourced from Fisher Funds TWO Growth Fund Update
Returns
Fees
The total annual fees for investors in the Fisher Funds TWO Growth Fund are 1.04% per year, with an annual fee of $18.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows Fisher Funds TWO’s top 10 investments in the Growth KiwiSaver Fund, which make up 29.59% of the fund.
Data for Fisher Funds TWO KiwiSaver funds has been sourced from Fisher Funds TWO KiwiSaver Funds. Past performance is not necessarily an indicator of future performance, and return periods may differ.
To see if Fisher Funds TWO has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.