Perpetual Global Innovation Share Fund

The Perpetual Global Innovation Share Fund is a hand-picked portfolio of companies that are benefiting from technological change and innovation.

We believe the market is often inefficient at pricing companies where rapid change is occurring, and that by focusing our efforts on understanding new innovations early, it provides us the opportunity to exploit this inefficiency to find undervalued and underappreciated companies.

We do not try to predict where markets and prices are heading, but instead, seek to buy companies at prices below what we perceive to be fair value given each company’s fundamentals and the prevailing market conditions. We expect that the share price of these companies will rise once the mispricing is recognised by the market.

 

Features and Benefits

  • Stock Picking Skills

    We use our experience, insights and skills to uncover the companies we believe have the greatest potential.

  • Insights by experts

    Experienced Portfolio Manager and investment team with strong global relationships, using a unique network of information.

  • Best Ideas Portfolio

    A high conviction portfolio – which means we build a concentrated portfolio of our best ideas.

  • ROBUST PORTFOLIO CONSTRUCTION

    Seeking to build a resilient portfolio, managing the portfolio as if everyday is a new day, because it is.

Fund Resources

Binary graphic
Investments

‘Eclectic mix’ of stocks drives innovation fund

BioNTech, the German developer of the Pfizer COVID-19 vaccine, was the biggest contributor to Global Innovation Share Fund performance during the quarter but it was supported by several high returning, uncorrelated themes. Portfolio Manager Thomas Rice shares his insights.

Thomas Rice

Thomas Rice, Portfolio Manager of the Perpetual Global Innovation Share Fund, on the stocks driving innovation.

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

Perpetual Global Innovation Share Fund

Pricing & Performance

Performance as at 31/08/2021

Returns as at 31/08/2021

  Growth % Distribution % Total %
1 month 6.46 -- 6.46
3 month -2.06 14.86 12.80
6 month -2.92 14.73 11.82
1 year 17.20 17.78 34.98
3 year 12.18 15.95 28.14
5 year -- -- --
10 year -- -- --

Unit Prices as at 14/10/2021

Entry
1.484
Exit
1.476
View price history

Distributions

Frequency Half Yearly
Cents per Unit 22.835
Reinvestment Price 1.505
View distributions history

Fund Commencement Date

June 2017

Target Market Determination (TMD)

Details & Fees

About this fund

  • Fund Manager

    Perpetual Investment Management Limited

  • Asset Class

    International shares

  • Suggested Length

    7 years or longer

Investment Objective

Aims to: provide investors with long-term capital growth through investment in global shares that are benefiting from changes in technology and innovation and outperform the MSCI All Countries World Net Total Return Index (AUD) (before fees and taxes) over rolling three-year periods.

Investment Approach

Perpetual aims to achieve the above objectives by adopting a bottom-up' stock selection approach to investing, where the decision to buy or sell is based on a fundamental valuation of stocks.
The portfolio manager believes that changes in technology and innovation can have a significant impact on the future earnings and valuation of companies, and that by focusing on understanding new changes in technology and innovation this can lead to the early identification of undervalued stocks. The portfolio is constructed within a framework that is independent of the benchmark in terms of stock and sector weights. Added value is expected to come from the portfolio manager's high conviction approach to stock selection. Currency is managed at the Fund level, taking into account currency exposure arising from underlying investments. Currency management can be used with the aim of protecting the value of the Fund's assets. Derivatives may be used in managing the Fund. Global shares include convertible notes, which are short-term debt securities that convert into equity

Investment Details

Minimum Initial Investment $25,000
With Savings Plan  
Minimum Initial Investment $25,000
Monthly Minimum $100
Minimum Additional Investment $2,000

Fees

Entry Nil
Exit Nil
Management Fee (p.a.) 0.99%. Refer to PDS for Management Costs.
Performance Fee (p.a.) 20% of outperformance*
Buy / Sell Spread 0.27% / 0.27%
*A performance fee of 20% of the difference between the Fund's daily return and its performance hurdle (the MSCI All Countries World Net Total Return Index (AUD)) may be charged. Please refer to the Product Disclosure Statement for further information.

Investment Guidelines

Cash 0 - 25%
Global shares 75 - 100%

Distribution

Half Yearly
June 30, December 31

How to Invest

  1. Perpetual Wholesale Funds feature Perpetual’s leading investment management capabilities. They are designed for individual and wholesale investors, and super fund trustees, with $25,000 or more to invest. You can also invest through investor directed portfolio services.

    Continuous disclosure and updates for Perpetual Wholesale Funds

    Continuous disclosure and updates for Perpetual Pure Series Funds

    Find out more about Perpetual Wholesale Funds

  2. Making an investment

    Review the Product Disclosure Statement (PDS) and related documents to ensure you understand how the fund works and the risks involved. 
     

    Online Application


    Apply for Perpetual Wholesale funds

     

    Apply for Perpetual Pure series funds


     

    Send your completed application & identification documents to:

    Perpetual Wholesale Funds

    GPO Box 4171, Sydney NSW 2001

    If applying to Perpetual Pure Series Funds:

    Perpetual Pure Series Funds

    GPO Box 4171, Sydney NSW 2001


    Customer Identification Requirements

     

    All forms, offer documents and PDS’s can be found in Forms, PDS's and Offer Documents page in our Resources section.

  3. If you are an institutional investor

     

    Please contact one of our institutional relationship managers or phone 1800 110 941. 

Perpetual Investment Management Limited ABN 18 000 866 535 AFSL 234426 and/or Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 are the issuers of the Funds. you should consider the relevant Fund product disclosure statement or other offer document before deciding whether to invest. The product disclosure statements and target market determinations for the Funds are available on this website.

Returns have been calculated using exit prices after taking into account all ongoing fees, and assuming reinvestment of distributions. No allowance has been made for entry fees, exit fees or where applicable taxation. Future returns may bear no relationship to the historical information displayed. The returns shown represent past returns only and are not indicative of future returns of a Fund. Returns on a Fund can be particularly volatile in the short term and in some periods may be negative.