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Perpetual Diversified Income Active ETF (ASX:DIFF)
Perpetual Diversified Income Active ETF (ASX: DIFF) invests in a diversified core portfolio of liquid, investment-grade credit securities, actively managed by Perpetual
It’s designed for investors seeking predictable outcomes including above-cash-rate returns, consistent income and capital preservation
Why Credit?
Credit assets such as corporate bonds or private credit typically offer higher yields than other fixed-income assets such as cash and government bonds because they carry more risk.
In general, fixed income offers defensive, lower-risk properties than equities and can help investors generate income, diversify portfolios, preserve capital and hedge against economic conditions.
Why Now?
Fixed-income investors are facing lower returns due to falling interest rates and inflation and are looking for additional sources of income.
Elevated equity valuations, uncertain growth outlooks and rising volatility reflecting geopolitical uncertainty all contribute to a challenging risk outlook for equities.
Credit can offer an attractive alternative when the future is uncertain and can provide attractive risk-adjusted returns in a volatile, low-rate environment.
Why Perpetual?
Proven investment experience
DIFF is actively managed by Perpetual's Credit and Fixed Income team – one of the most stable and experienced teams in the domestic credit market.
The senior members of the team have worked together for more than 20 years and have 100 years of combined investment management experience.
ASX:DIFF
For the first time, Perpetual’s Credit and Fixed income capabilities are accessible via the convenience of an ASX-listed active ETF with no minimum investment and in an open-ended structure.
DIFF invests in a diversified core portfolio of liquid, investment-grade securities. Perpetual believes these assets provide investors with protection in times of market stress. Where the environment is supportive, Perpetual seeks to enhance returns by taking more risk in maturity, credit rating or subordination.
Award-winning
The award-winning Perpetual Diversified Income Fund, now offered as an active ETF, has an almost 20-year track record and is one of the largest fixed-income funds in the market (over $2b FUM).
It recently won the 2025 Money Management Fund Manager of the Years Awards (Diversified Fixed Income category) and the 2025 Financial Standard Investment Leadership Awards (Fixed income, credit/absolute returns category).
Key features
Diversified portfolio
Deep investment experience
Actively managed and risk aware
Consistent and robust investment process
Diversified portfolio
Consists of Australian and international issuers, diversified across securities, regions and sectors.
Deep investment experience
The senior members of the Perpetual Credit and Fixed Income team have more than 100 years of combined investment management experience. Further details about the team can be found here.
Actively managed and risk aware
Where the environment is supportive, Perpetual seeks to enhance returns by selectively taking more risk where it is best rewarded across maturity profile, credit ratings or subordination.
Consistent and robust investment process
Valuation centric, bottom-up investment process designed to exploit market inefficiencies & and manage risk, refined through multiple market cycles.
Meet the Portfolio Manager
DIFF is managed by Perpetual’s Head of Credit and Fixed Income Vivek Prabhu. Vivek has more than 30 years of investment experience through multiple market cycles. In this video he takes a deep dive into what sets DIFF apart, how he manages risks and where he finds opportunities in a low rate, high volatility environment.
Meet the Portfolio Manager
Why Active ETFs?
Active ETFs provide flexibility in changing market conditions and can play an important role in building a diversified portfolio for your clients.
A detailed look at Perpetual Diversified Income Active ETF
Visit the DIFF fund page
Join our live webinar and Q&A
Join Perpetual's head of Credit and Fixed Income, Vivek Prabhu in a live webinar and Q&A where he’ll explain:
- Why allocating to high-quality credit strategies suit current economic condition
- Which asset types offer the best combination of yield and capital preservation
Why active management is crucial in fixed income - Where to find alternate sources of income as bank hybrids are phased out
How to invest
Buying and selling units in DIFF is easy – you can find them on the ASX, just like any other share.
For more information, contact Tom Loneragan – Head of Listed and Direct at Perpetual Asset Management.
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Contact us or call us on 1800 022 033
The information on this website has been prepared by Perpetual Investment Management Limited (PIML) ABN 18 000 866 535, AFSL 234426, as the issuer of the Perpetual Diversified Income Active ETF (ASX: DIFF) (ETF). It is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial adviser, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. The PDS for the ETF, issued by PIML, and the ETF’s other periodic and continuous disclosure announcements lodged with the ASX, should be considered before deciding whether to acquire, dispose or hold units in the ETF. The ETF’s PDS and Target Market Determination can be obtained by calling 1800 022 033 or visiting our website. www.perpetual.com.au. Neither PIML nor any company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of, or any return on an investment made in the ETF or the return of an investor’s capital. Past performance is not an indication of future performance.
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United Kingdom
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Europe
This information and the terms of use are subject to change at any time without notice. The contents of this website are intended for residents and citizens of the United Kingdom, and the European Union, and should not be relied on by residents or citizens of other jurisdictions. All investment products and services referenced in this website are managed and offered by either JOHCM or its affiliates within the Perpetual Limited group of companies ("Perpetual Affiliates"). By clicking the “Proceed” button below, you are agreeing to the Terms & Conditions of use.