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.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
News
- 22 Sep 2017ASIC permanently bans unlicensed SMSF spruikerBy Staff Reporter
- 22 Sep 2017Advisers recognised at Women in Finance AwardsBy Staff Reporter
- 21 Sep 2017Advisers not fully aware of LIF impacts: ZurichBy Staff Reporter
- 21 Sep 2017Red tape forces SMEs to cut staffBy Adam Zuchetti and Aleks Vickovich
- 21 Sep 2017Bitcoin 'dangerous and speculative', says MagellanBy Tim Stewart
- 20 Sep 2017ANZ calls for adviser transparencyBy Killian Plastow
- view all
