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
With BlackRock recently combining both private and public markets in a single managed account for US investors, commentators explore the challenges and opportunities of doing so in Australia.
PM Capital has hit out at Platinum Asset Management, saying the firm only provided “limited engagement” following its bid for two listed investment companies.
Platinum Asset Management has seen outflows moderate during March, down 15 per cent from the previous month when it announced two major investment team changes.
Two listing experts have shared tips for fund managers to consider when it comes to launching their first ETF on an exchange.
