The Perennial Value Shares Wholesale Trust (PVSWT) and the Perennial Concentrated Australian Shares Trust (PCAST) have both received a ‘recommended’ rating from Lonsec.
PVSWT, which Perennial Value described as its “value oriented, ESG aware Australian equities fund” with a broad-cap focus, was upgraded from a rating of investment grade to recommended.
Lonsec highlighted the fund’s “robust and repeatable” investment process along with its well-resourced and experienced team and its full coverage of the Australian market.
“We are delighted to have received this rating from Lonsec for our flagship wholesale trust,” said Stephen Bruce, lead portfolio manager for PVSWT.
“Our approach has been proven throughout multiple market cycles, and we look forward to building on our 20-year track record. We are particularly excited by the opportunities being presented for fundamental-based investors to add value in the current market environment.”
According to Perennial Value, its Perennial Value Australian Shares strategy has delivered annualised performance of 9.5 per cent since inception, net of fees, as of September 2021.
PCAST, which was launched in 2017 and invests in a concentrated portfolio of 15-30 ASX-listed companies, was the recipient of its first rating from Lonsec.
Alongside the recommended rating, Lonsec noted a number of Perennial Value’s characteristics including “equity ownership by the investment team, a strong alignment of interests and an investment-oriented culture” which it seeks in boutique investment managers.
“We are pleased that PCAST has received this Recommended rating in its inaugural review by Lonsec,” said Dan Bosscher, PCAST portfolio manager.
“We believe the trust is well positioned to benefit from the post-COVID economic recovery – an environment that offers the potential for significant outperformance for value style investing.”
