Fisher Funds
NegativeEstablished 1998 · 17 funds
Best 5yr
7.3% pa
Fees from
0.37% pa
Sentiment
14/100
AUM
$18.9B
Community Sentiment
Fisher Funds receives overwhelmingly negative sentiment from the New Zealand KiwiSaver community, primarily driven by poor fund performance and high fees. Investors consistently report that growth funds have underperformed inflation and market benchmarks over the past 12 months, while charging fees around 1.4% that exceed low-cost alternatives. The community strongly recommends switching to passive index-tracking providers like Kernel, Simplicity, or InvestNow, with many users expressing regret about their time with Fisher Funds.
- Growth fund returns of 2.89% over 12 months fell below inflation at 3.1%, while comparable market indices like S&P 500 returned 19%, indicating significant underperformance
- Fees averaging 1.4% are substantially higher than competing low-cost providers, with the fee differential compounding significantly over decades of retirement investing
- Active management approach has failed to justify higher costs, with passive index funds consistently outperforming across aggressive risk categories
- Provider is experiencing rapid asset outflows, with data showing Fisher Funds losing assets at a very high rate as investors migrate to lower-cost alternatives
- Community consensus strongly favors switching to Kernel, Simplicity, or InvestNow, with multiple users reporting regret about not making the move sooner
Sentiment Overview
Score: 14/100
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 Balanced Fund | balanced | — | — | — | 0.99% | |
| 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 — Historical Returns
Dashed line = category averagePast 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.