Perennial fund gains ‘recommended’ rating
Research and ratings house, Lonsec, has granted Perennial Value's Wealth Defender Australian Shares Trust a "Recommended" rating.
Perennial announced the rating this week at the same time as saying the product had gained listings on a number of investment platforms in Australia and New Zealand including BT Wrap, Asgard, IOOF Pursuit and Federation Alliance Platforms.
It said Aegis (New Zealand) had also listed the trust for investment by its advisers.
Commenting on the Lonsec rating, Perennial head of retail funds management, Brian Thomas said the company was pleased that the fund had continued to gain momentum.
"Underlying volatility in Australian equity markets continues to highlight the benefits of dynamic protection for investors and the advisers who guide them. The fund's unique design and underlying protection process is unlike anything available to Australian retail investors to date," he said.
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
