Perpetual FUM decreases $1.1b



Perpetual Investments has posted a decrease in funds under management (FUM) of $1.1 billion to $26.1 billion at the end of September 2019.
In an announcement to the Australian Securities Exchange (ASX), the firm said the decrease comprised of $1.8 billion in net outflows from Australian equities, offset by market appreciation of $0.7 billion.
A Perpetual spokesperson told Money Management: “As an active value manager, the current market is expensive, and quality companies are trading at a premium.
“These market conditions have impacted the investment performance of our Australian Equities’ strategies. We remain true to label and consistent in our investment style which has delivered over the long-term.”
According to the announcement, the firm’s institutional channels experienced the largest outflows of $1.2 billion to $6 billion.
According to FE Analytics, over the three years to 30 September, 2019, Perpetual’s Australian Share fund returned 21.9% and its Ethical SRI fund at 13.7%. However, neither funds beat its ASX 300 benchmark which returned 40%, or the sector average at 32.6%.
The Australian Share fund’s factsheet said its largest sector allocation was financials ex property (31.1%), followed by materials (15.5%), consumer discretionary (12.6%), and cash and fixed interest (9.4%).
The fund’s largest holding was Commonwealth Bank at 7.7%, followed by Westpac at 6.3%, Suncorp at 6.2%, Telstra at 4.9%, and Woolworths at 4.8%.
Perpetual Australian Share fund and Ethical SRI fund v benchmark and sector performance three years to 30 September 2019
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.