Partners Trust
The Trust combines the highest conviction ideas from Perennial's five boutique investment firms.
Trust Objective
To grow the value of your investment over the long-term, mainly through capital growth, and to provide a total return (after fees) that exceeds the UBSA Bank Bill Index measured over a three year period. This is achieved by investing in a concentrated selection of international and domestic shares, international and domestic listed property securities and fixed interest securities.
Suitable Investor Profile
Investors with an investment horizon of five or more years, who are seeking a concentrated portfolio of international and domestic shares, listed property securities and fixed interest securities, and who can accept possible short-term fluctuations in the value of their investments.
Fund Facts
Investment Approach
The Trust utilises the specialist investment capabilities of Perennial's boutique investment management businesses.The Trust aims to invest in a concentrated exposure of the best opportunities across Perennial's boutique businesses with the expectation of a high level of capital growth over the long term. The Trust will invest in most asset classes and as it is benchmark unaware, perform differently to major market indices.
Investment Strategy
The Trust gives investors the ability to access the best investment ideas across Perennial's specialist investment management boutiques. The Trust will invest in a concentrated portfolio of international and domestic shares, international and domestic listed property securities, and fixed interest securities constructed without reference to any benchmark index.
Each of the Perennial investment management boutiques place a great emphasis on fundamental securities research. Through this thorough research, the boutiques often uncover securities that have been over sold by the market and offer knowledgeable investors the potential for a high level of return. It is in these superior investment ideas that the Trust aims to invest. From time to time, the Trust may experience high levels volatility in order to achieve the investment objective.
Although the neutral asset allocation to each boutique is 20%, the Trust can take a highly flexible investment approach with the ability to alter the asset allocation to take advantage of individual security fundamentals and prevailing market conditions. Perennial may actively manage the weighting given to each investment boutique in accordance to the current environment.
The Trust is authorised to utilise derivative instruments for risk management purposes, subject to the specific restriction that they cannot be used to gear portfolio exposure.
Up to 50% of the international property and equity exposure may be hedged. However, the Trust may accept under and over hedged positions from time to time.