Perennial fund gains ‘recommended’ rating
Research and ratings house, Lonsec, has granted Perennial Value's Wealth Defender Australian Shares Trust a "Recommended" rating.
Perennial announced the rating this week at the same time as saying the product had gained listings on a number of investment platforms in Australia and New Zealand including BT Wrap, Asgard, IOOF Pursuit and Federation Alliance Platforms.
It said Aegis (New Zealand) had also listed the trust for investment by its advisers.
Commenting on the Lonsec rating, Perennial head of retail funds management, Brian Thomas said the company was pleased that the fund had continued to gain momentum.
"Underlying volatility in Australian equity markets continues to highlight the benefits of dynamic protection for investors and the advisers who guide them. The fund's unique design and underlying protection process is unlike anything available to Australian retail investors to date," he said.
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