Perpetual fund gets ‘recommended’ rating
Zenith Investment Partners has upgraded the rating of the Perpetual Pure Credit Alpha Fund to ‘recommended’ in recognition of its strong strategy along with an experienced team.
The research house said that its confidence was underpinned by the strong leadership and expertise of Micheal Korber, who is the investment’s head of credit and fixed income.
The fund said it aimed to outperform the cash rate by three per cent per annum to five per cent over rolling three-year periods.
“Credit continues to play a key role in an investment portfolio regardless of the market environment, but particularly for those investors seeking diversification and income generation,” Korber said.
“Our unique core/plus strategy for the pure credit alpha fund allows investors to access higher returns with managed risk.
“In a low return environment, using a pure credit alpha approach provides the income investors are looking for while focusing on capital preservation,” he said.
The fund said it utilised an approach combining investment grade credit with high yielding securities, allowing the team to use a number of strategies in response to market changes and capitalise on opportunities in the market.
As at 31 April, the fund returned 7.52 per cent after fees.
AUTHOR
Oksana Patron
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