Perpetual has launched a credit fund that will allow investors access to ethical, social and responsible fixed income assets.
Perpetual portfolio manager and head of fixed income Vivek Prabhu said the Perpetual Ethical SRI Credit Fund “combin[ed] social responsibility lens and investment performance”.
“This fund will appeal to investors with strict social and ethical considerations including not for profit organisations,” Mr Prahbu said.
It is geared towards attracting retail investors who are seeking ethical bonds, regular income, local capital volatility and liquidity, according to the statement.
Debt securities will have to undergo an ethical and socially responsible investment screening process on top of the credit screening process.
Mr Prahbu added: “It’s a positive development for our clients and any investors looking to align their investment portfolio with ethical and socially responsible investment considerations.
“With interest rates bottoming out in Australia, the timing of the Fund’s launch means investors are poised to benefit from rising interest rates as the assets are not locked into a fixed interest rate.”
Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now.
Despite the Australian economy’s ongoing rapid recovery, an Australian equity head believes GDP growth will “fade” in 2022. ...
The next financial year could see a “new record year” for dividends as the Australian economy continues its recovery from the COVID-19 p...