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.
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.
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 31/03/2021
Returns as at 31/03/2021
|Growth %||Distribution %||Total %|
About this fund
Perpetual Investment Management Limited
7 years or longer
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.
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 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.
|Minimum Initial Investment||$25,000|
|With Savings Plan|
|Minimum Initial Investment||$25,000|
|Minimum Additional Investment||$2,000|
|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.|
|Cash||0 - 25%|
|Global shares||75 - 100%|
|June 30, December 31|
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.
Making an investmentReview the Product Disclosure Statement (PDS) and related documents to ensure you understand how the fund works and the risks involved.
Mailing and application details address
Send your completed application & identification documents to:
Perpetual Wholesale Funds
GPO Box 4171, Sydney NSW 2001
All forms, offer documents and PDS’s can be found in Forms, PDS's and Offer Documents page in our Resources section.
If you are an institutional investor
Please contact one of our institutional relationship managers or phone 1800 110 941.