The Perpetual Pure Equity Alpha Fund is an absolute return portfolio of the best share opportunities we have identified (both long and short), and is managed by one of Australia's most experienced equity teams.
The Fund aims to generate positive returns with minimal volatility over equity market cycles. By combining both long (to hold) and short (to sell) positions the Fund is able to take advantage of rising and falling markets and provide some protection against falling markets.
We employ our tried and proven bottom-up stock selection process for both long and short positions. Through fundamental company research, we aim to identify opportunities to buy quality, undervalued companies. On the short side of the portfolio we opportunistically target stocks that we expect will underperform. We rarely short the index, we short companies.
More opportunities to manage downside risk
Absolute return focus
Flexibility and conviction
Specialist shorting expertise
The Fund is able to take advantage of rising and falling markets, and provides useful protection for investors against falling markets.
WHAT ARE THE RISKS?
All investments carry risk. While it is not possible to identify every risk relevant to your investment, we have provided details of the risks that may affect your investment in the relevant product disclosure statement (PDS) or offer document.
You can find PDSs and other documents in our resources section. The relevant PDS, offer documents and forms can also be found in the sections below:
> Investment | > Superannuation | > Retirement
Performance as at 31/03/2018
Returns as at 31/03/2018
|Growth %||Distribution %||Total %|
About this fund
Perpetual Investment Management Limited
5 years or longer
Aims to generate positive returns over a market cycle irrespective of market conditions by investing in both long and short positions of predominantly Australian shares. Whilst the Fund has no formal benchmark, for reporting purposes the Fund is measured against the RBA cash rate.
Utilising Perpetual's proven investment process, the Fund will adopt the same disciplined investment approach as is used across Perpetual's equity funds. Our conservative bottom-up approach to stock picking is core to the investment approach for this Fund, allowing the portfolio manager to identify and select stocks for both the long and short positions of the Fund. The investment process is based on comprehensive internal company research using four filters:
- sound management
- conservative debt levels
- quality of business and
- recurring earnings.
The Fund's portfolio is then created within specific investment guidelines and a risk-controlled framework. The Fund will predominantly invest in Australian shares (both long and short), cash may be used defensively to preserve capital and it can invest opportunistically (both long and short) in global shares.
Derivatives may be used in managing the Fund.
|Minimum Initial Investment||$25,000|
|Minimum Additional Investment||$2,000|
|Management Fee (p.a.)||1.28%. Refer to PDS for Management Costs. *|
|Performance Fee (p.a.)||20.50% of outperformance.*|
|Buy / Sell Spread||0.2% / 0.2%|
|Effective 1 March 2017 we have updated fees and costs information, and issued a new Product Disclosure Statement (PDS). Due to changes in ASIC Class Order [CO 14/1252], we have updated our disclosure in respect of the estimated management cost of the Pure Series Funds. This amount includes estimated indirect costs which are paid by the Fund, and are not a direct cost to you. It also includes a 0.72% estimated performance fee. The management fee you pay to Perpetual has not changed. A full explanation of fees and costs is set out in the PDS. For a copy of the replacement PDS please download the document from the How to Invest tab.|
|Cash||0 - 100%|
|Net Share Exposure||-20 - 100%|
|Gross Share Exposure||0 - 200%|
|Net Global Share Exposure||-10 - 20%|
|June 30, December 31|