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The Perpetual Geared Australian Fund aims to enhance long-term capital growth through borrowing to invest in quality industrial and resource shares and other securities.
Perpetual researches companies of all sizes using consistent share selection criteria. Perpetual’s priority is to select companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria:
- conservative debt levels
- sound management
- quality business and
- in the case of industrial shares, recurring earnings.
Perpetual aims to ensure that the gearing level is maximised, subject to the cost of borrowing being adequately covered by net income. In addition, the gearing level must be kept within strict pre-determined limits.
Derivatives may be used in managing the Fund. Derivatives may be used to adjust currency exposure (where appropriate), to hedge selected shares or securities against adverse movements in market prices, to gain short-term exposure to the market and, to build positions in selected companies or issuers of securities as a short-term strategy to be reversed as the physical positions are built up and to create a short exposure to a stock for Funds authorised to take net negative positions. Derivatives will not be used for gearing purposes.
| Fee Disclosure | | 2020 DIRECTINVEST will rebate 100% of the 4.5% entry fee on investments in the Perpetual Geared Australian Share Fund as additional units. 2020 DIRECTINVEST may receive a trailing commission of up to 0.6% pa. This trailing commission is paid by the fund manager and is NOT an additional charge to the investor. |
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