Perpetual pitches fund for wary investors
Perpertual Investmentshas added a fourth product to its diversified funds range with the addition of the Diversified Growth fund aimed at investors seeking moderate growth and risk in the same product.
The fund will achieve this aim with a 50/50 mix of growth and income assets with Perpetual recommending a minimum investment period of three years within the fund.
Growth assets are heavily weighted towards equities with 25 per cent invested locally and 20 per cent invested internationally with the remaining 5 per cent growth assets in property securities.
Income assets will be invested in Australian fixed interest and bonds at 30 per cent with cash and mortgage ?? accounting for the remaining 20 per cent.
As the fund is a new product Perpetual says it does not have historical performance data but based on the returns for other investments with exposure in the same asset classes it expects performance to be more than six per cent over three years and more than eight per cent over seven years.
Perpetual also says that the probability of negative annual returns is about five per cent, or one in 20 years, reflecting the more conservative elements of the fund.
The diversified growth fund sits alongside Perpetual’s other diversified funds with a Split Growth fund pitched at aggressive investors and Balanced Growth and Conservative Growth Funds aimed at assertive and conservative investors respectively.
The Diversified Growth fund will be available to investors in Perpetual’s Investor Choice Superannuation Fund and Pension Plan from early next year and available to wholesale investors from early November.
AUTHOR
Jason Spits
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