Fisher Funds
NegativeEstablished 1998 · 16 funds
Best 5yr
7.3% pa
Fees from
0.37% pa
Sentiment
9/100
AUM
$18.9B
Community Sentiment
Fisher Funds receives overwhelmingly negative sentiment from the New Zealand KiwiSaver community, with investors consistently reporting severe underperformance relative to both market indices and inflation, combined with among the highest fees in the market. Users widely recommend switching to lower-cost passive providers like Kernel, Simplicity, or InvestNow, with many describing their experience as wealth destruction. The provider appears to be losing significant assets under management as investors increasingly recognize that active management fees are not justified by returns.
- Growth funds have consistently underperformed inflation and market benchmarks, with some returning only 1-3% annually while the S&P 500 returned 19% and CPI was 3.1%, representing a significant opportunity cost
- Management fees averaging 1.4% are among the highest in the KiwiSaver market, and when combined with poor returns, result in substantial wealth erosion over time
- Active fund managers have failed to justify their premium fees by beating passive index funds, even during favorable market conditions and bull markets
- Users report aggressive sales tactics including frequent unsolicited phone calls (3-4 per week) after submitting transfer applications to switch providers
- The provider is experiencing rapid asset outflows as investors migrate to lower-cost alternatives, indicating loss of market confidence
Sentiment Overview
Score: 9/100
Based on social media, reviews, and news mentions
Example Fund
Fisher TWO Scheme-Eq
Fisher Funds is one of New Zealand's largest independent investment management firms, managing over $25 billion for nearly 500,000 New Zealand investors. Founded in 1998, the company specializes in active, in-house portfolio management across KiwiSaver schemes, managed funds, and listed investment companies. Rather than using passive index tracking, Fisher Funds employs a 'Smart Active Investment Management' approach with an experienced in-house research team focused on quality companies and long-term compounding returns.
Contact Details
Website: https://www.fisherfunds.co.nz
| Fund Name | Type | Risk | 1yr | 3yr | 5yr | Fees |
|---|---|---|---|---|---|---|
| Fisher Funds Plan Aggressive | aggressive | — | — | — | 1.23% | |
| Fisher Funds Plan Balanced | balanced | 5.6% | 10.5% | 5.4% | 1.10% | |
| Fisher Funds Plan Default | balanced | 10.7% | 12.6% | — | 0.37% | |
| Fisher Funds Plan Cash | cash | 3.8% | 5.0% | 3.5% | 0.45% | |
| Fisher Funds Plan Def Conserv | conservative | 4.8% | 7.7% | 3.8% | 0.51% | |
| Fisher Funds Plan Growth | growth | 5.2% | 12.1% | 7.0% | 1.20% | |
| Fisher Funds Conservative Fund | miscellaneous | 4.9% | 7.1% | 2.7% | 0.93% | |
| Fisher Funds Growth Fund | miscellaneous | 5.2% | 12.1% | 5.9% | 1.12% | |
| Fisher Funds Plan CashPlus | miscellaneous | 3.7% | 4.7% | 2.0% | 0.45% | |
| Fisher TWO Cash Enhanced | miscellaneous | 4.9% | 7.5% | 3.1% | 0.52% | |
| Fisher TWO Scheme-Bal | miscellaneous | 5.6% | 10.2% | 4.7% | 0.94% | |
| Fisher TWO Scheme-Cnsrv | miscellaneous | 4.9% | 7.2% | 2.7% | 0.93% | |
| Fisher TWO Scheme-Eq | miscellaneous | 5.2% | 14.3% | 7.3% | 1.14% | |
| Fisher TWO Scheme-Gr | miscellaneous | 5.2% | 11.3% | 6.6% | 1.12% | |
| Fisher TWO Scheme-Presv | miscellaneous | 3.6% | 4.9% | 3.1% | 0.61% | |
| Fisher Funds Plan Cnsrv | moderate | 5.0% | 7.8% | 3.0% | 0.87% |
Fisher TWO Scheme-Eq — Annualised Returns (% p.a.)
Returns over 1, 3, 5 & 10 yearsPast performance is not indicative of future returns. Returns shown net of fees.
Sentiment Timeline
Licensed financial advisory firms that work with Fisher Funds KiwiSaver funds.