Perpetual launches ethical fund
Perpetual has launched the Perpetual Ethical SRI Credit Fund in response to investor demand for a diversified portfolio of ethical, socially responsible fixed-income assets.
Perpetual’s head of fixed income, Vivek Prabhu, said it would be one of the first floating rate credit funds in Australia combining both a social responsibility lens and investment performance.
“This fund will appeal to investors with strict social and ethical considerations, including not for profit organisations. It complements our strong heritage and track record in ethical, socially responsible investments,” he said.
The fund would leverage the key strengths and experience of Perpetual’s credit and fixed income team and would invest in high-quality debt securities that have passed through an ethical and socially responsible investment screening process.
“With interest rates bottoming out in Australia, the timing of the fund’s launch means investors are poised to benefit from rising interest rates as the assets are not locked into a fixed interest rate,” Prabhu said.
Perpetual said the fund would appeal to investors seeking: regular income, low capital volatility and liquidity, as well as a portfolio of ethical and socially responsible floating rate bonds.
AUTHOR
Oksana Patron
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