Perpetual Asset Management Australia has launched a global active exchange traded managed fund.
The Barrow Hanley Global Share fund would be quoted on the Australian Securities Exchange (ASX) and aimed to provide long-term capital growth through investing in quality global shares.
Barrow Hanley was part of Perpetual and a leader in global value investing.
This was the third active ETF following the launch of two last November; Perpetual Ethical SRI fund and Perpetual Global Innovation Share fund.
Group executive, Amanda Gillespie, said: “We are pleased to launch another Active ETF that expands the investment options for investors, giving them access to companies from around the world, diversified across securities, sectors and regions.
“Like Perpetual, the team at Barrow Hanley has a tried and tested approach to value investing in a global context that has stood the test of time through multiple market cycles.”