Perpetual LIC delivers 6.7% in first half

Perpetual LIC delivers 6.7% in first half

Perpetual's listed investment company has reported a portfolio performance of 6.7 per cent for the six months to 31 December 2015.


For the six months to 31 December 2015, Perpetual Equity Investment Company's portfolio delivered 6.7 per cent to investors, outperforming the benchmark by 7.1 per cent, according to a company statement. 

As at 31 January 2016 the portfolio has returned 5.6 per cent per annum since its inception on 18 December 2014.

“We are pleased to be delivering strong results in spite of the challenges characterising the current market, including persistent low growth and increased volatility,” said Perpetual Equity Investment Company portfolio manager Vince Pezzullo.

The LIC also reported an operating profit after tax of $12.9 million for the six months to December 2015, the statement said. 

Mr Pezzullo said the portfolio focuses on mid-cap securities but also has up to 25 per cent allocated to “opportunistic” global listed securities.

“Market volatility can also create a number of opportunities for prudent investors,” he said.

He added that in order to manage equity market risk, up to 25 per cent of the portfolio’s net asset value can be moved into cash.

“Many investors are seeking transparent, liquid investment as part of a diversified portfolio and this is what we are delivering.”

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Perpetual LIC delivers 6.7% in first half
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