POWERED BY MOMENTUM MEDIA
(June-2002) Value in fund
IOOF Funds Management has launched a boutique wholesale value fund. Managed by Perennial Value Management, it mirrors the Perennial Value Australian Shares Trust, which has returned 23 per cent a year over its life in operation.
The wholesale fund will invest in a range of listed Australian companies, which Perennial Value believes have sustainable operations and whose share price is thought to offer good value.
Perennial Value Management managing director John Murray says in the current low returns environment, superior stock selection is critical. “Proprietary research is our ‘cornerstone’ and with our current boutique size, we can make the most of our best investment ideas. We think our major competitors are just too big to do this.”
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