What can we help you find?
Wealth management
Asset Management
Corporate Trust
Resources
Search by Topic

Your search had no results

Please try the following to find what you’re looking for:

  • Check your spelling
  • Try different words or word combinations (E.g. "fund form")
Other Popular Searches Login to Your Online Account Forms, PDS & Other Documents Pricing & Performance Portfolio Holding Disclosure
Perpetual Pure Equity Alpha Fund

Perpetual Pure Equity Alpha Fund

Absolute return portfolio of the best share opportunities

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.

Features and benefits

Opportunities to manage downside risk

Absolute return focus

Flexibility and conviction

Specialist shorting expertise

Opportunities to manage downside risk

The Fund’s ability to invest in Perpetual’s highest conviction long and short ideas means that portfolio performance can be better cushioned during periods of market weakness.

Absolute return focus

By taking long and short positions, the Fund is better able to generate positive returns in both rising and falling markets.

Flexibility and conviction

Our bottom-up company research generates the insights that drive our high conviction stock selection. The Fund is not limited by index weightings or market capitalisation.

Specialist shorting expertise

Perpetual’s equity team has a highly experienced shorting investment capability. This skill and experience has helped the Fund identify shorting opportunities that have added to returns.

Fund Resources

Fund Profile Product Disclosure Statement New Application (investors) New Application (advisers) Application form Target Market Determination (TMD) Continuous Disclosure Fund Factsheet

Pricing & Performance

Fund Commencement: March 2012

Unit Pricing

As at
Entry 1.166
Exit 1.161
View Price History

Distributions

Frequency
Half Yearly
Cents per Unit
8.147
Reinvestment Price
1.200
View Distribution History

Performance

As at

Returns

As at
Growth (%) Distribution (%) Total (%)
1 month -0.02% -- -0.02%
3 month -1.56% -- -1.56%
6 month -8.12% 6.25% -1.87%
1 year -7.29% 8.11% 0.82%
3 year 3.22% 4.95% 8.17%
5 year 1.32% 4.42% 5.73%
10 year 1.11% 4.96% 6.07%

Documents & Resources

Fund Profile Target Market Determination (TMD) Perpetual Investment Funds PDS.pdf

Investment Approach

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.

Details & Fees

Investment Objective 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.
Minimum Suggested Timeframe 5 years or longer
Fund Manager Perpetual Investment Management Limited
Asset Class Australian shares
Minimum Initial Investment $25,000
Minimum Initial Investment (with saving plan) $25,000 Monthly Minimum Nil
Minimum Additional Investment $2,000
Cash 0 - 100%
Net Share Exposure -20 - 100%
Gross Share Exposure 0 - 200%
Net Global Share Exposure -10 - 20%
Half Yearly June 30, December 31
Entry 0
Exit 0
Management Fee (p.a.) 1.28%. Refer to PDS for Management Costs. *
Performance Cost (p.a.) 20.50% of outperformance.*
Buy / Sell Spread 0.18% / 0.18%

"The Fund is able to take advantage of rising and falling markets, and provides useful protection for investors against falling markets."

Anthony Aboud, Portfolio Manager

Boral Case Study: Building A Position In Cyclical Companies

Shares in manufacturing and building supplies company Boral recently hit an all-time high. Head of Equities, Paul Skamvougeras, explains how he assesses investment opportunities.

 

Read More

Boral-case-study-building-a-position-in-cyclical-companies-2-746x419-(1).jpg

Keeping An Open Mind On Market Themes

While it's hard to completely divorce your macro view from bottom-up stock picking, FY21 proved that it is a skill worth having. Portfolio Manager Anthony Aboud on the importance of keeping an open mind on market themes.

 

Read More

Boral-case-study-building-a-position-in-cyclical-companies-746x419-(1).jpg

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

Meet the team

Anthony-Aboud.jpg
Anthony Aboud
Deputy Head of Equities, Portfolio Manager - Industrial Shares, SHARE-PLUS Long-Short, Pure Equity Alpha
Analyst, BEc, CFA
STAFF Sean Roger.jpg
Sean Roger
Deputy Portfolio Manager - Pure Equity Alpha, SHARE-PLUS Long-Short
BAcc
Anthony Aboud
Anthony-Aboud.jpg

Anthony Aboud

Deputy Head of Equities, Portfolio Manager - Industrial Shares, SHARE-PLUS Long-Short, Pure Equity Alpha Analyst, BEc, CFA
Bio

Years of experience: 24
Years at Perpetual: 11

Anthony is the Deputy Head of Equities and Portfolio Manager - Industrial Shares, SHARE-PLUS Long-Short and Perpetual Pure Equity Alpha.

Anthony has been with Perpetual for 10 years. Prior to joining Perpetual, he worked at Ellerston Capital for six years, where he was the Portfolio Manager for the Ellerston Capital Global Equity Management Fund for two years. Before that, he spent 4 years as an analyst working on a long/short strategy. Prior to joining Ellerston Capital, Anthony worked as an Analyst at UBS Investment Bank for 8 years.

Anthony has a Bachelor of Economics from the University of Sydney and has earned the right to use the Chartered Financial Analyst designation.

Sean Roger
STAFF Sean Roger.jpg

Sean Roger

Deputy Portfolio Manager - Pure Equity Alpha, SHARE-PLUS Long-Short BAcc
Bio

Years of experience: 10
Years at Perpetual: 9

Sean Roger is the Deputy Portfolio Manager for the Perpetual SHARE-PLUS Long-Short Fund and the Perpetual Pure Equity Alpha Fund.

Sean joined Perpetual in February 2013 as a Graduate Accountant. He joined the Investments team in August 2014 as an Equities Dealer and was appointed an Equities Analyst in January 2016 where he was responsible for covering a number of stocks in the gaming and agricultural sectors.

Sean has a Bachelor of Accounting from the University of Technology, Sydney and has completed the Chartered Accountants program.

Have Any Questions?

Call your Perpetual Business Development Manager on 1800 062 728.

More From Perpetual

View all
Buy-Hold-Sell-4-outperformers-and-the-ASXs-most-shorted-stock-746x419.jpg Investments

Buy hold sell: 4 outperformers and the ASX's most shorted stock

by Perpetual Asset Management
Investments

Why short reports are a value investors best friend

by Anthony Aboud
Investments

Bingo caller: why I’m rethinking short reports

by Anthony Aboud
Investments

Short selling: looking beyond obvious shorts, short shorts

by Anthony Aboud

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.

Choose your region
Choose your location
Australia and New Zealand

The information on this website is intended for Australian residents or citizens who are currently located in Australia, or where expressly indicated, New Zealand residents or citizens who are currently located in New Zealand only, and should not be relied on by residents or citizens of any other jurisdiction. By clicking the “Proceed” button below, you are agreeing to the Terms & Conditions of use.

Proceed
Americas

Please read this information carefully as it governs your use of this website. Except as otherwise indicated, the contents of this website and the products and services are intended for persons residing in the United States, and the information on this website is only for such persons. This website is not directed to any person in any jurisdiction where its publication or availability is prohibited. Persons in such jurisdictions must not use this website. By clicking the “Proceed” button below, you are agreeing to these terms.

Proceed
Singapore

Please read this information carefully as it governs your use of this website. The contents of this website and the products and services mentioned are intended for persons residing in Singapore, and the information on this website if only for such persons. This website is not directed to any person in any jurisdiction where its publication or availability is prohibited. By clicking the “Proceed” button below, you are agreeing to these terms.

Proceed