Perpetual Global Innovation Share Fund

The Perpetual Global Innovation Share Fund is a hand-picked portfolio of high quality 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.

The Fund seeks to begin with a stable core of established businesses with recurring earnings and strong management teams that form 70-100% of the portfolio. Up to 30% of the Fund may be invested in companies that are not yet profitable. These companies will be selected upon an assessment of their competitive advantage, valuation, growth characteristics and future profitability potential.

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.


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

Tools and Resources

More information about the Perpetual Global Innovation Share Fund can be found in our clients tools and brochures


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 30/09/2020

Returns as at 30/09/2020

  Growth % Distribution % Total %
1 month 5.72 -- 5.72
3 month 13.66 -- 13.66
6 month 8.54 27.86 36.40
1 year 21.46 31.18 52.64
3 year 12.84 14.83 27.67
5 year -- -- --
10 year -- -- --

Unit Prices as at 29/10/2020

View price history


Frequency Half Yearly
Cents per Unit 32.190
Reinvestment Price 1.254
View distributions history

Fund Commencement Date

June 2017

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 quality 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. In determining investment quality, investments are carefully selected on the basis of four key investment criteria:
- conservative debt levels
- sound management
- quality business
- recurring earnings.

The Fund may hold up to 30% in companies that fall outside the above criteria.

The diversified 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 hedging 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


Entry Nil
Exit Nil
Management Fee (p.a.) 1.25%. 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%


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

    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


    Send your completed application & identification documents to:

    Perpetual Wholesale 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.

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.