Perpetual funds added to key distribution platform
May 08, 2012 Business News(PRLEAP.COM) Perpetual Limited (ASX:PPT) announced the inclusion of two of their best performing funds on the Colonial First State platform – FirstChoice.
The Perpetual Australian Share Fund and the Perpetual Diversified Income Fund will be available on the FirstChoice platform from 28 May.
Nick Langton, Acting Group Executive Perpetual Private and Head of Retail Sales, said the inclusion of the two funds reflects the considerable demand for quality funds that consistently perform and provide diversification across Australian equities and fixed income.
"The Australian Share Fund is a strong performer, ranking in the top quartile of Australian equities funds over ten years*, while our Diversified Income Fund delivers returns above the UBS Bank Bill Index with some of the lowest volatility in its peer group," Langton said.
Langton attributes the considerable demand for these products to their ability to deepen portfolio diversification and deliver growth and income opportunities.
"The Perpetual Australian Share Fund is a well rated broad-cap Australian equity fund with good long term performance and the Diversified Income Fund targets consistent income above term deposits," he said.
Mr Langton said Perpetual is delighted to continue working with Colonial First State to provide Australian investors greater choice for their portfolios.
*Mercer Investment Performance Survey of Wholesale - Equity - Australia - All Cap, ending 31 December 2011.
Perpetual is an independent financial services group operating in funds management, financial advisory and trustee services. Our origin as a trustee company, coupled with our strong track record of investment performance, has created our reputation as one of the strongest brands in financial services in Australia.