Perpetual Diversified Real Return Fund is an Managed Funds investment product that is benchmarked against Multi-Asset Growth Investor Index and sits inside the Multi-Asset - Real Return Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Perpetual Diversified Real Return Fund has Assets Under Management of 632.75 M with a management fee of 0.85%, a performance fee of 0.00% and a buy/sell spread fee of 0.22%.
The Diversified Real Return Fund returned 0.7% (gross) in August. Over the past year, the Fund has returned 5.0% (gross) and over the past 5 years the Fund has returned 4.7% (gross) per annum compared with the objective of 8.7% (CPI plus 5%*) over rolling 5 years. Since inception (in 2010) the Fund has returned 6.5% (gross) per annum compared with the objective of 7.8% (CPI plus 5%”).
The Fund’s defensive positioning mitigated the impact of elevated volatility and sliding equity markets during August. In a month where global equities recorded a total return of -1.7%, the Fund’s low equity weight and elevated cash allocation culminated in positive returns. The aggressive tightening of monetary policy since early 2022 has increased the attractiveness of yields offered on cash type investments, whereas rising valuations and stretched earnings expectations leave regional equity markets quite vulnerable to even modest changes in sentiment or expectations.
The Fund’s modest allocation to developed and emerging markets were the largest detractor from performance last month as global equities sold off. Typically defensive assets such as government bonds and gold both experienced capital losses but cash bucked this trend, contributing to performance.
Product Snapshot
Performance Review
Product Overview
Peer Comparison
Product Details