Perpetual Split Growth Fund assigned four stars by S&P
The Perpetual Split Growth Fund, which uses a mix of international shares and Australian industrial shares, has been assigned a four-star rating by Standard & Poor’s (S&P).
S&P stated that the fund’s static allocation, with the management of the fund consisting mainly of rebalancing the portfolio to maintain its strategic asset allocation, is based on Perpetual’s research that a mix of 60 per cent international shares and 40 per cent Australian industrial shares produces lower risk with only a moderate effect on returns.
S&P stated that while the fund is unsophisticated, it provides a “rational and straightforward” exposure to two strongly rated funds, namely the Perpetual Wholesale International Share Fund and the Perpetual Wholesale Industrial Share Fund. However, S&P noted that the fund has no exposure to Australian resources shares, which have been major growth drivers of the broader market at times.
Recommended for you
The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted.
After seven weeks of strong growth, Wealth Data analysis shows financial adviser gains are now tapering off and returning to a regular pace.
Count chief executive Hugh Humphrey has said FY25 was a “milestone year” for the business as it completed its Diverger integration, exceeding targets with $5.1 million in cost synergies.
US wealth manager Focus Financial Partners, which includes Australia’s Escala Partners, has appointed a chief strategy officer to fuel further Australian growth.
