Perpetual Split Growth Fund assigned four stars by S&P
The Perpetual Split Growth Fund, which uses a mix of international shares and Australian industrial shares, has been assigned a four-star rating by Standard & Poor’s (S&P).
S&P stated that the fund’s static allocation, with the management of the fund consisting mainly of rebalancing the portfolio to maintain its strategic asset allocation, is based on Perpetual’s research that a mix of 60 per cent international shares and 40 per cent Australian industrial shares produces lower risk with only a moderate effect on returns.
S&P stated that while the fund is unsophisticated, it provides a “rational and straightforward” exposure to two strongly rated funds, namely the Perpetual Wholesale International Share Fund and the Perpetual Wholesale Industrial Share Fund. However, S&P noted that the fund has no exposure to Australian resources shares, which have been major growth drivers of the broader market at times.
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