|
PERENNIAL QUICK UPDATE
Zero Fee offer ends 31 July 2007
We have been overwhelmed with positive feedback on our decison to pass on a real benefit to Perennial investors. Please remember that all net new investments into 24 of our Trusts will attract a zero fee for the next three months. For more information, please click here.
Navigator adds Perennial Growth and takes advantage of the zero fee offer
A quick look at the Navigator menu shows that this fund competes very well with the current growth style options on Navigator. The following table illustrates the tremendous performance of this boutique based on the Mercer survey to 31 May 2007:
|
|
1 Year (%) |
3 Years (% p.a.) |
5 Years (% p.a.) |
|
Perennial Growth Return |
33.2 |
31.6 |
20.0 |
|
Perennial Growth Quartile Ranking |
1st |
1st |
1st |
Source: Mercer
Master Key Custom adds Perennial Global Property to their menu
Perennial's research driven, bottom-up style coupled with a zero fee offer makes this an attractive option for your clients.
Perennial Global Shares High Alpha receives its first rating.
Morningstar has awarded this relatively new Fund an Investment Grade rating. Click here for a copy of the Morningstar report. Performance versus peers has been outstanding as shown below from the most recent Mercer survey:
|
|
1 Year (%) |
3 Years (% p.a.) |
|
Perennial Global Shares High Alpha |
19.9 |
n/a |
|
CSAM International Shares |
9.5 |
11.1 |
|
Platinum International Fund |
5.8 |
10.8 |
|
AXA Wholesale Global Equity |
9.5 |
11.9 |
Source: Mercer
PERENNIAL INVESTORS INDEX
It has been over 7 years since investors have faced a month with a negative return from all the major asset classes , except cash.
Over the longer term retail investors on average have experienced returns well ahead of inflation.
Source: Bloomberg and Perennial Investment Partners
Perennial Investors Index*
|
|
Conservative (%) |
Growth (%) |
High Growth (%) |
|
June-07 |
-0.67 |
-1.68 |
-1.74 |
|
Year to Jun-07 |
8.43 |
15.01 |
18.28 |
|
3 Years to Jun-07 p.a. |
8.32 |
14.37 |
17.37 |
|
5 Years to Jun-07 p.a. |
7.06 |
10.41 |
11.82 |
Market Returns*
|
|
Australian Assets (%) |
International Assets (%) |
|
|
Shares |
Listed Property |
Fixed Interest |
Cash |
International Shares |
Global Property |
International Fixed Interest |
|
Jun-07 |
-0.11 |
-4.78 |
-0.45 |
0.52 |
-3.30 |
-7.28 |
-0.27 |
|
Year to Jun-07 |
29.21 |
26.32 |
3.99 |
6.42 |
7.77 |
25.01 |
5.71 |
|
3 Years to Jun-07 p.a. |
26.40 |
20.88 |
5.05 |
5.94 |
8.94 |
25.89 |
6.10 |
|
5 Years to Jun-07 p.a. |
19.32 |
18.33 |
5.42 |
5.62 |
4.69 |
17.90 |
6.94 |
* Click here for a summary of the indices used and the construction methodology for the Perennial Investors Index. The Perennial Investors Index is a general indication of how we believe investors would have performed in various indices and is not related to the management of any particular Perennial investment product.
JUNE'S STRATEGY AND ECONOMIC UPDATE
Click here for our Investment Strategist, Frank Uhlenbruch's, latest update.
PORTFOLIO UPDATE TO 30 JUNE - AROUND THE BOUTIQUES
Each month we focus on portfolio developments across our six boutique businesses. A more detailed report on each Trust for the month ended June 30 will be available by the end of July on our website, www.perennial.net.au.
PERENNIAL INTERNATIONAL EQUITIES MANAGEMENT - Managing Global Shares High Alpha, International Shares
This Month's Focus: Perennial Global Shares High Alpha Trust
Over the last 12 Months the performance has been nothing short of outstanding with a net return of 12.85% for the year ended June. During June, the Trust tracked just below the MSCI. Stock purchases during the month included Paramount Energy Trust (Canadian high yielding gas co.), Nexans SA (French cable manufacturer) and BJ Services (US supplier to the energy industry). Profits were taken in Hornbeck Offshore and Cameco (uranian miner). Whilst the Trust can raise significant Cash, Portfolio Manager Clay Carter believes equity returns will still outstrip bonds in the near term. Read more...
PERENNIAL INVESTMENT PARTNERS ASIA - Managing Asia ex Japan Shares, Japanese Shares
This Month's Focus: Perennial Asian Shares Wholesale Trust
The Trust outperformed its benchmark by 70bpts for the month. China was buoyed by new laws allowing mainland Chinese greater access to HK listed stocks. Taiwan was up on a more favourable view on technology stocks. Read more...
PERENNIAL REAL ESTATE INVESTMENTS - Managing Global Property, Australian Property
This Month's Focus: Perennial Global Property Wholesale Trust
Only Singapore and Hong Kong had positive property returns with the hike in bond yields causing a major retreat in the US and European markets. The EPRA / NAREIT indexed - hedged fell by 7.28% and our portfolio suffered (down 8.9%) as some of the quality names we hold provide liquidity amongst the market turmoil and some specialist players we have high conviction in fell out of favour. Already the sector has bounced in July with US REITs rallying 2.5% on 2 July. Read more...
PERENNIAL VALUE MANAGEMENT - Managing Value, Small Caps, High Yield
This Month's Focus: Perennial Value Shares Wholesale Trust
In a market where many value managers have struggled, it is great to see the Trust outperforming the index for the year. The team's holding in Incitec Pivot was again a strong contributor to performance and the stock has delivered the team a return of over 200% since they first invested in October 2006. Origin Energy and BHP also contributed to performance for the month. Read more...
PERENNIAL GROWTH MANAGEMENT - Managing Growth, High Conviction, SRI
This Month's Focus: Perennial Growth Australian Shares Wholesale Trust
Wesfarmers (up 20.6%) and Toll Holdings (up 9.9%) contributed to a well above index performance for the month (+96 bpts for June alone). The team sold JB Hi Fi and took profits in Alumina, Oil Search and BHP. Thinksmart was also added to the portfolio. Read more...
PERENNIAL FIXED INTEREST - Managing Australian, Diversified, Global Fixed Interest and Cash
This Month's Focus: Perennial Fixed Interest Wholesale Trust
Australian bond yields rose over June, following stronger economic news early in the month. Whilst yields subsequently fell on Reserve Bank Governor Stephens' inflation comments, they rose again to 6.26% for the end of the month (10 year government bonds). The Fixed Interest team added to their long duration position and saw value in state government debt. Read more...
WANT MORE INFORMATION?
Commentaries and Product Disclosure Statements for each of the Perennial Wholesale Trusts can be downloaded here, or by visiting the Perennial website, www.perennial.net.au. Information can also be provided upon request by calling 1300 730 032, or by emailing invest@perennial.net.au. | 
