Perpetual Corporate Trust sees further opportunities in listed investment trusts

Ophir
Perpetual

Perpetual Corporate Trust

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Ophir Asset Management (Ophir) has today announced the listing of the Ophir High Conviction Fund (ASX:OPH) (the Fund) on the Australian Stock Exchange. Perpetual Corporate Trust is the independent provider of Responsible Entity (RE) services to the Fund.

The Fund, with approximately $440 million in funds under management, provides investors with a concentrated exposure to a high-quality portfolio of Australian growth companies listed outside the S&P/ASX 50. Both existing and new investors will be able to acquire units on the open market (subject to the availability of units for purchase and for sale).

Perpetual Corporate Trust General Manager, Glen Dogan, said: “There is a growing trend in fund managers moving to listed trust structures. This is the fourth ASX fund listed in the last year which we have been involved in.

“Listed products generally provide ease of distribution to retail clients, access to established fund managers, and much sought after transparency.” Ophir Investment Director and Head of Sales Rob Saunders said: “The conversion of the fund to an ASXlisted investment trust will provide the Ophir investment team with a stable pool of capital to invest throughout the market cycle. Having generated 20.2% per annum since the Fund was launched in August 2015, we are looking forward to continuing to generate strong performance for our unitholders, with the added advantages now provided by the enhanced structure.”

Perpetual Corporate Trust was appointed as RE of the Fund in September 2017.

“Expertise within this space is sought after now more than ever as we see an increase in responsible entity transactions, new fund launches and listed deals entering the market. Perpetual Corporate Trust is one of the leading ndependent providers of responsible entity services and we have been impressed with Perpetual’s knowledge and capabilities since appointing them as RE,” said Mr Saunders.


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This analysis has been prepared by Perpetual Investment Management Limited (PIML) ABN 18 000 866 535, AFSL 234426.It is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial adviser, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information.

The information is believed to be accurate at the time of compilation and is provided in good faith. This document may contain information contributed by third parties. PIML and PSL do not warrant the accuracy or completeness of any information contributed by a third party. Any views expressed in this document are opinions of the author at the time of writing and do not constitute a recommendation to act. 

The product disclosure statement (PDS) for the relevant fund issued by PIML, should be considered before deciding whether to acquire or hold units in the fund. The PDS and Target Market Determination can be obtained by calling 1800 022 033 or visiting our website www.perpetual.com.au

No company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of any fund or the return of an investor’s capital. Past performance is not indicative of future performance.