Perpetual grows credit team

global-financial-crisis/

7 May 2010
| By Caroline Munro |

Adviser demand for ‘true to label’ fixed income portfolios and Perpetual’s recent growth in assets under management has led to the company’s decision to grow its credit team, the group stated.

Perpetual recently hired assistant portfolio manager and credit analyst Thomas Choi, who will focus on cash dealing and the management of liquidity within fixed income portfolios.

Group executive, income and multi-sector, Richard Brandweiner, said the appointment would build on the credit team’s “substantial” capabilities in fixed income.

“Our Diversified Income Fund in particular is a good example of how well our style has weathered the global financial crisis,” he said. “The fund has achieved positive returns of 16 per cent over the last 12 months and its current yield-to-maturity is 8.5 per cent per annum, which is 4 per cent above the bank bill swap rate.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

1 week 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5