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Experienced Expat Returns to Fisher Funds

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Fuseworks Media
Fuseworks Media

Leading fund manager Fisher Funds has announced the appointment of David McLeish to run its fixed interest investment portfolios.

McLeish has returned to New Zealand after an extended period working with global investment houses in London, to take up the role of Senior Portfolio Manager for the Fisher Funds Kiwisaver Conservative Fund and the recently launched Fisher Funds High Income Fund.

McLeish developed his expertise in investing in global fixed income products, credit research, risk management and conservative investment strategies during periods with Morgan Stanley, UBS and Goldman Sachs in London. His most recent role with Goldman Sachs was as Executive Director of a team focussed on investing in multiple asset classes on the bank's London fixed income trading floor.

"With the birth of our first daughter last year, we decided it was time to return to New Zealand" says McLeish. "The opportunity to join Fisher Funds' successful and growing business made the decision an easy one."

McLeish will focus on fixed income investments for Fisher Funds clients seeking steady, stable returns. Typically the portfolios under his management will include bonds issued by governments and large corporations seeking funds through the debt market. Local examples include fixed interest bonds recently offered by Auckland City Council and Fonterra.

"I expect our investment mix will be about 20-30% in New Zealand with the balance in overseas markets."

"The focus is very much on reliable cashflows and solid returns for those investors whose priority is to preserve their capital and generate income. We believe such an offering is a great complement to our other growth oriented Fisher Funds products".

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