Garry Laurence
Perpetual has announced its Global Share Fund has received an upgraded ‘Recommended’ rating from Lonsec.
Key strengths of the Fund recognised by Lonsec include the application of a long-standing and well-proven investment philosophy and process along with a track record of meeting investment objectives.
Portfolio Manager Garry Laurence said: “Obtaining a rating takes time – you need to demonstrate patience in building a consistent performance track record, highlight your expertise and nurture a strong, high performing team.”
Commenting on the Fund’s approach to investing Mr Laurence said: “As a value manager, with a bottom-up investment process, we aim to choose the best quality investments at prices that represent good value, based on their potential risks and returns.”
As at 28 February, the Fund has a five-year performance return of 19.3 per cent per annum net of fees, outperforming the MSCI World Index benchmark by 2.4 per cent per annum.
In respect of the opportunities investors have through investing offshore, Mr Laurence said: “Australian investors may miss out on good investment opportunities if they focus solely on local stocks. For example, sectors such as technology and healthcare are underrepresented locally. Investors may need to look abroad if they want to invest in these sectors in a diversified way.”
“The team is committed to identifying opportunities in global stock markets, including in emerging and frontier markets, to produce strong returns for our clients,” said Mr Laurence.
As at 28 February 2018, the top five sectors the Fund held stocks in were healthcare (12.7%), consumer staples (12.1%), online advertising and transaction businesses (10.8%), telecommunications (8.1%) and banks (7.8%).