Perpetual Investments has announced that it is reducing the management fees for several Funds/investment options, effective from 1 October 2020.
In announcing the fee reductions Adam Quaife, General Manager Global Distribution at Perpetual Investments, said: “Following a comprehensive review of the pricing of our Fixed Income Funds, we are pleased to offer reduced management fees for several funds and investment options from 1 October 2020.
“We are committed to keeping our fees competitive, while at the same time, remaining focussed on delivering quality products that aim to provide regular income.
“In the current environment, we believe that both pricing and income are more important than ever for advisers and their clients.”
The funds and fee reductions are listed below:
Fund |
Current management fee (% P.A.) |
New management fee (% P.A.) Eff 1 Oct ’20 |
| Perpetual Wholesale Funds | ||
| Perpetual Wholesale Diversified Income Fund | 0.70% | 0.59% |
| Perpetual Ethical SRI Credit Fund | 0.70% | 0.59% |
| Perpetual Wholesale Dynamic Fixed Income Fund | 0.55% | 0.45% |
| Perpetual Wholesale Active Fixed Interest Fund | 0.45% | 0.40% |
|
Perpetual WealthFocus Investment Funds |
||
| Perpetual Diversified Income | 1.65% | 1.56% |
| Perpetual WealthFocus Investment Advantage | ||
| Perpetual Diversified Income | 1.65% | 1.56% |
| Perpetual Dynamic Fixed Income | 1.50% | 1.42% |
|
Perpetual WealthFocus Super and Pension |
||
| Perpetual Diversified Income (Super & Pension) | 1.65% | 1.56% |
|
Perpetual Dynamic Fixed Income (Super & Pension) |
1.50% | 1.42% |
Source: Perpetual Investments
