Perpetual fund posts milestone
Emilio Gonzalez
Perpetual’s flagship Industrial Share Fund (ISF) delivered its 25th consecutive year of positive returns, generating annual returns of 18.96 per cent over the period, and 16.48 per cent per annum over five years.
This milestone reflects Perpetual’s longevity and consistency in the Australian managed investment market and the strength of equity markets over this time, according to Perpetual Investments chief investment officer Emilio Gonzalez.
The ISF’s ongoing performance has been driven by investment in quality Australian industrial shares that are undervalued by the market, delivering investors long-term capital growth and very strong levels of income, he said.
“The simple philosophy of invests in companies on the basis of conservative debt levels, sound management, quality business and recurrent earnings, has underpinned the fund’s ongoing success.”
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.