Perpetual rules new Crown Ratings


Perpetual Investment Management has emerged as the most effective fund manager over the last three years, with the most funds worthy of being awarded the highest rating within Money Management’s new quantitative Crown Ratings powered by FE.
Seven Perpetual funds were deemed worthy of five Crowns under the rating regime - something which will ensure Australian financial advisers benefit from the same advantages enjoyed by their counterparts in the United Kingdom.
The seven Perpetual funds earning a Five Crown rating were: Perpetual Growth Opportunities, Perpetual Wholesale Alternative Income, Perpetual Pure Microcap, Perpetual Pure Value Share, Perpetual Wholesale Dynamic Fixed Income, Perpetual Wholesale Smaller Companies 2 and Perpetual Wholesale Split Growth.
The other fund managers to rank among the top performers were Morningstar Investment Management, IOOF Investments and Macquarie Investment Management with six funds deserving of the top-most rating, and Fiducian and Investors Mutual with five products.
Commenting on the launch of the Crown Ratings, FE Money Management managing director, Mika-John Southworth said the importance of the methodology behind the Crown Ratings was that it cut through the complexity of peripheral products to focus on the core funds.
Group Executive, Perpetual Investments, David Lane said the outcome reflected the company’s true-to-label and disciplined approach which had proven successful over many years and many market cycles.
We have a strong, dedicated and experienced team that is committed to providing positive outcomes for our clients. We place a strong emphasis on developing talent from within, which is one of the key reasons why we have been able to perform consistently over many years,” he said.
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.