About Us
Why Australian Small Companies?
 The
Australian smaller company market is a very attractive investment
destination.
Market breadth - the Australian market presents
a number of advantages for a focused smaller company stock-picker.
The market is rich in opportunities both in terms of the number
of listed companies and in the broad array of industries that
these companies operate in. The breadth of opportunity often
means that companies are poorly researched and not well understood,
which can result in high quality companies trading below their
inherent value.
A larger population base – Australia’s
larger population and internal market also makes Australia
an attractive investment destination. The growth path for
smaller Australian companies is often smoother than that for
New Zealand firms – there are as many potential customers
living in Sydney as there are in New Zealand. This provides
a broader growth opportunity for companies before they have
to consider the challenging step of exporting their business
model.
Improved portfolio characteristics –
adding an exposure to high quality, smaller companies to a
portfolio of other Australian and New Zealand shares can enhance
returns and lower overall portfolio risk.
Active management is important – whilst
the smaller company sector in Australia is attractive it is
important to be selective in choosing individual companies.
Not all companies are created equal and intensive research
is required to seek out superior long-term investment opportunities.
Why Fisher Funds?
Robust process with proven success –
Fisher Funds’ investment process relies upon intensive
research and hands-on company analysis. The quality of Fisher
Funds investment process has been proven through eight years
of index and industry out-performance in New Zealand. Fisher
Funds was named top New Zealand Equity Manager by Fundsource
in 2002, 2003 and 2007, also Morningstar Fund Manager of the
Year – Domestic Equities in 2004, 2005 and 2006. Its
research intensive, award-winning investment process is applied
to the management of Barramundi.
Top-rated, experienced team – there
is more than 70 years of combined investment experience in
the Fisher Funds team. Carmel Fisher is the Managing Director
and Frank Jasper is the dedicated specialist Australian portfolio
manager who works with well-known and highly rated analyst
Terry Tolich. They all work closely together in applying Fisher
Funds’ successful investment approach in Australia.
Why Invest in Barramundi?
Access, research and communication –
Barramundi gives New Zealand investors targeted access to
smaller Australian companies. These companies are often overlooked
by investors as they are not familiar with them or there is
limited research available.
Long-term investment focus – Barramundi
is a closed-end fund structured as a limited liability company.
The closed-end structure enables the company to have a genuine
long-term investment horizon where the
Manager can take a long-term perspective on investments, not
having to worry that they may have to be sold to fund investor
withdrawals.
Diversification and simplicity – Barramundi
provides diversification by giving investors exposure to a
portfolio of smaller Australian stocks wrapped up in one listed
investment vehicle.
Managers’ incentives aligned with investors
– the fee structure rewards superior performance
and penalises inferior performance.
History
Barramundi Limited listed on the New Zealand Stock Exchange
on 26 October 2006 following an initial public offering that
raised $100.0 million. Participants in the initial public
offering also subscribed for Barramundi Limited warrants.
These are also listed on the New Zealand Stock Exchange and
can be traded independently from Barramundi Limited shares.
The original Prospectus and Investment Statement
can be viewed here in PDF format by clicking
here. Please note that this file may take up to approximately
5 minutes to download. Alternatively, to obtain a copy of
the original prospectus and investment statement by mail email
us.
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