Perennial launches “defender” product
IOOF-controlled fund manager, Perennial Value Management has launched a new Australian shares product aimed at helping investors better cope with market falls.
The new product, the Perennial Value Wealth Defender Australian Shares Trust has effectively brought together Perennial’s well-regarded John Murray with experienced derivative and hedge fund specialist, Dan Bosscher.
Commenting on the new product, Murray said the objective was to help investors benefit from the upside of an investment in Australian equities, while more efficiently and cost-effectively cushioning the impact of larger market falls.
According to Murray and Bosscher the essence of the new product is that it offers investors the opportunity to access the long-term gains that the Australian equities market has historically offered, combined with dynamic portfolio protection through equity derivatives.
They said the Trust provided investors with an actively managed, bottom-up, Australian equities portfolio comprised of large and small cap companies and using equity derivatives and cash to dynamically cushion the portfolio through market cycles.
The Trust aims to outperform the S&P/ASX 300 Accumulation Index and requires a minimum investment amount of $25,000 over a minimum recommended investment period of five years.
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
