Lonsec and Zenith have both handed down a ‘recommended’ rating to the Perpetual Equity Investment Company Limited.
The LIC – which opened to investors this week – was determined by Lonsec to be reflective of Perpetual’s “long-standing investment philosophy and process”, while Zenith stated it has a “high level of confidence in Perpetual’s investment process and believes that PIC will generate excess returns for its investors over the medium to long term”.
Reflecting on the ratings, Perpetual Investments portfolio manager Vince Pezzullo said the LIC is particularly appropriate for SMSF investors.
“Diversification is important in SMSF portfolios, as is flexibility and liquidity. Through PIC we have the ability to increase or decrease our allocation to Australian equities, global equities and cash, based on market conditions,” Mr Pezzullo said.
“The allocation to global equities in particular offers investors access to the growth opportunities available through investing overseas.”
Fiducian's funds under management, advice and administration (FUMAA) hit $11 billion as at 30 September. ...
The wealth platform recorded FUA growth during the latest quarter following the BT Wrap migration. ...
More than half of institutional investors and wealth managers expect a dramatic increase in diversification. ...
Get notifications in real time and stay up to date with content that matters to you.
