Capture the growth and income potential of Australian shares by investing with one of Australia’s largest and most experienced share investors.
When you choose Perpetual, you are buying into one of Australia’s most respected and longstanding active investment managers, with a proven investment process that has been refined through more than 50 years of experience. Our aim is to always produce the best possible return for investors without taking on undue risk.
At Perpetual, we believe in investing in quality companies with sound management, conservative debt levels, recurring earnings and a quality business. Our investment decisions are driven by rigorous company research, which includes more than 1,000 company meetings or calls per year. Recognising the signs early allows us to respond to opportunities and manage risk, helping to deliver sustainable, long-term returns through changing market cycles.
Perpetual's Australian shares team manage a range of Australian share strategies across the market capitalisation spectrum. We manage long only, long/short, absolute return and concentrated strategies.
The real value of investing in shares
In this booklet we look at the benefits of sharemarket investing, the types of returns shares have delivered for investors, the most effective ways to invest in shares and how to manage the volatility that comes with it.
Protection against inflation
Inflation erodes purchasing power and reduces real investment returns. Australian shares can provide protection against inflation over the long term.
Capital growth is an important source of wealth creation. The success of a company’s management, business model, strategy and earnings growth can contribute to share price increases over time.
Potential Tax Benefits
If a company has already paid tax on its income, a share investor may be able to receive a tax benefit, called a franking credit, for dividends received from that company.
Source of income
Shares can provide a steady and growing source of income, known as dividends, even during periods when share prices are weak. Dividends are paid out of earnings, which usually increase as a company grows.
Our expertise in buying quality and undervalued Australian companies has long been recognised through industry awards. Our focus on buying quality stocks when they are undervalued has rewarded investors over the long-term.
Outstanding track record
We have managed Australian shares since 1966, making Perpetual one of Australia’s longest established share investors.
Stable and experienced team
The size and depth of our Australian equities team (an average of 14 years of industry experience) benefits our clients as we have excellent access to company management. The team conducts more than 1,000 company meetings or calls per year.
For selected strategies, we deploy our stock picking expertise for short selling or ‘shorting’ companies that we think are overvalued. Our shorting capability has been an important strategy since 2003.
At Perpetual our investment philosophy drives our investment decisions. The way we seek to identify opportunities and manage our Australian share portfolios is guided by specific principles:
- We believe equity markets are only semi-efficient
- As a result, we believe you can beat the returns available from the market (or a market benchmark) by identifying and investing in high quality companies trading at attractive prices
- We identify these companies through our own fundamental, in-depth research.
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:
> Investments | > Superannuation | > Retirement
Years of experience: 26
Years at Perpetual: 18 (split in 2 periods)
Paul is the Head of Equities and the Portfolio manager for the Concentrated Equity, and Pure Equity Alpha strategies.
Paul rejoined Perpetual Asset Management Australia in February 2010 as a Portfolio Manager, having previously spent seven years with Perpetual. He began his career with Perpetual in 1994 in a back office role, moving into a dealing role after three years, working his way up to the Head Dealer role.
Between stints at Perpetual, Paul spent seven years working at CPH/Ellerston Capital, where he had portfolio management responsibilities for an Australian long/short strategy for the first four years and a global long/short strategy for the last three years. Paul also recruited and managed two analysts within his team.
Paul gained international experience, spending 18 months in London, as well as expertise in investing and trading various asset classes ranging from equities, commodities, currencies and fixed interest.
Paul has a Bachelor of Economics from Macquarie University and is a Member of the Institute of Chartered Accountants.
Years of experience: 21
Years at Perpetual: 19
Jack is the Portfolio Manager for the Perpetual Pure Microcap and Smaller Companies Funds and an Analyst.
Jack joined Perpetual in November 2001 as an Investment Administrator and Equity Dealer. After four years he moved into an Analyst role, focusing on small cap industrial companies. Jack took on portfolio management responsibilities in June 2010.
Prior to joining Perpetual, Jack gained two years industry experience working in London as an Equities Dealer and Investment Administrator at both Salomon Smith Barney and Goldman Sachs Asset Management.
Jack has a Bachelor of Economics from the University of Sydney.
Years of experience: 26Vince is the Deputy Head of Equities and the Portfolio Manager for Australian Share, Geared Australian Share, Direct Equity Alpha and the Perpetual Equity Investment Company (ASX:PIC).
Years at Perpetual: 13
Vince joined Perpetual Asset Management Australia in July 2007 as an Analyst and since that time has covered the chemicals, diversified financials, banking, telecommunications, building materials and REITS sectors.Prior to joining Perpetual, Vince was a senior portfolio manager/analyst in the large cap Australian equities team at Deutsche Asset Management and led the top 100 equities team. In addition, he had stock research responsibilities across a large number of sectors.
Vince was also a portfolio manager for a number of client portfolios and researched international stocks as part of the international equity division State Super (subsequently Deutsche). Prior to this, Vince worked in corporate finance and foreign currency for Monte Paschi Australia Limited.
Vince has a Bachelor of Commerce with a major in Economics and Finance.
Years of experience: 22
Years at Perpetual: 9
Anthony is the Portfolio Manager - Industrial Shares, SHARE-PLUS Long-Short and an Analyst.
Anthony has been with Perpetual for 9 years. Prior to joining Perpetual, he worked at Ellerston Capital for two years, where he was the Portfolio Manager for the Ellerston Capital Global Equity Management Fund. Before that, he spent 3 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.
Years of experience: 17
Years at Perpetual: 11
Nathan is the Portfolio Manager for the Ethical SRI Fund and Income Share Funds, and an analyst.
Nathan joined Perpetual in September 2010 as a Research Analyst, before spending almost two years on the dealing desk at Perpetual working on all Australian Equity strategies as an Equities Dealer. Nathan was then appointed to the role of Equities Analyst covering small cap stocks in 2013. He was promoted to Deputy Portfolio Manager in May 2016, and took on responsibility for managing 50% of the Smaller Companies strategy in 2017.
Prior to joining Perpetual, Nathan spent 6 years in a Chartered Accountancy firm where he was responsible for the affairs of a diverse range of clients, including regular taxation compliance, financial reporting, Self-Managed Superannuation Fund audits and business advisory services.
Nathan holds a Bachelor of Commerce from the University of Wollongong and holds a Chartered Financial Analyst (CFA) designation.
Years of experience: 37
Years at Perpetual: 18
Maryanne is the Head of Proprietary Research and an Analyst, covering mainly large and small cap companies in the industrials, consumer staples, and consumer discretionary sectors.
Maryanne joined Perpetual Asset Management Australia in February 2003 as an Analyst, bringing a wealth of experience from almost 20 years in a variety of corporate roles. This background has provided Maryanne with unique insight when analysing companies in her current role.
Maryanne’s corporate experience in mainly small to medium businesses included positions such as Chief Executive Officer and Chief Financial Officer, involving functions across auditing, accounting, strategy, management and general consulting. Among the companies that she worked at were Daniel Chen Group, Young Barnsdall & Joye which spanned retail fashion, manufacturing and accounting services industries.
Maryanne has a Bachelor of Business from the University of Technology, Sydney.
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