Perennial Trust added to IOOF platform
The Perennial Value Microcap Opportunities Trust has been added to the IOOF Pursuit platform.
The trust invested in both listed and unlisted companies including small and microcap stocks and, since its inception in 2017, delivered annualised return of 24.3 per cent, net of fees, outperforming the S&P/ASX Small Ordinaries Accumulation Index by 18 per cent and a cumulative return of 51.6 per cent, the firm said.
Perennial’s head of smaller companies and micro caps, Andrew Smith, said that the trust would provide investors with more opportunities to access Perennial’s microcap strategy.
“The cornerstone of the fund’s approach is a strong emphasis on company research – we aim to develop a detailed understanding of each company before committing investor’s funds.
“The strategy has also a strong focus on early stage companies which are growing earnings strongly, and can provide important diversification for investors in tough market conditions,” he said.
The trust was also currently available on Asgard, BT Wrap, Macquarie Wrap, BT Panorama, HUB24, Netwealth, Mason Stevens and uXchange platforms.
AUTHOR
Oksana Patron
Recommended for you
The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day.
Equity Trustees has been selected as the responsible entity for two new funds, one from Coller Capital focused on private equity and a second investing in fixed income from FIIG Securities.
Funds managers are being urged by financial advisers to improve their “outdated” education and communication about alternative funds as they actively target them towards retail clients.
GAM Investments has appointed Eric Finnell as its managing director for Australia after his predecessor left to take up the CEO role at Global X.
