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
Recommended for you
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
