Fisher Funds
NegativeEstablished 1998 · 16 funds
Best 5yr
7.3% pa
Fees from
0.37% pa
Sentiment
11/100
AUM
$18.9B
Community Sentiment
Fisher Funds receives overwhelmingly negative sentiment from the New Zealand KiwiSaver community, with investors consistently criticizing poor fund performance and high fees. Multiple users report their growth funds underperforming inflation and market indices despite favorable market conditions, leading many to switch to lower-cost passive providers like Kernel or Simplicity. The provider is frequently cited as a cautionary example of why active fund management fails to justify its costs, with community members actively recommending others avoid the platform.
- Growth funds have consistently underperformed inflation and market benchmarks, with some funds returning negative values during bull markets
- Fee structure at approximately 1.4% annually is among the highest in the KiwiSaver market and significantly erodes long-term returns
- Active fund management approach fails to deliver value, with professional managers unable to beat passive index fund alternatives
- Provider engages in persistent follow-up contact after customers initiate fund transfers, with reports of multiple calls per week
- Provider is experiencing significant asset outflows as customers migrate to competitors with lower fees and better performance
Sentiment Overview
Score: 11/100
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.