Royal Dutch Shell and PetroChina yesterday made a takeover bid for Australian coal seam gas company, Arrow Energy, reported to be worth at least $A3.3 ($4.3) billion.

Fisher Funds described it as “another windfall” for investors, including those in its KiwiSaver scheme.

Fisher has three of its managed funds with significant shares in Arrow (the Fisher Funds KiwiSaver Scheme, the Australian Growth Fund and listed company Barramundi Limited).