Perpetual fund posts milestone
Emilio Gonzalez
Perpetual’s flagship Industrial Share Fund (ISF) delivered its 25th consecutive year of positive returns, generating annual returns of 18.96 per cent over the period, and 16.48 per cent per annum over five years.
This milestone reflects Perpetual’s longevity and consistency in the Australian managed investment market and the strength of equity markets over this time, according to Perpetual Investments chief investment officer Emilio Gonzalez.
The ISF’s ongoing performance has been driven by investment in quality Australian industrial shares that are undervalued by the market, delivering investors long-term capital growth and very strong levels of income, he said.
“The simple philosophy of invests in companies on the basis of conservative debt levels, sound management, quality business and recurrent earnings, has underpinned the fund’s ongoing success.”
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