Perpetual launches Global Share Fund as profit jumps
Three years after Perpetual pulled out of managing its global share funds in-house, the wealth giant is looking to re-enter the international equities game as it posts a 34 per cent increase in net profit.
Three years after Perpetual pulled out of managing its global shares funds in-house, the wealth giant is looking to re-enter the international equities game with the launch of a new strategy headed by former PM Capital analyst Garry Laurence.
Perpetual, which posted a 34 per cent jump in net profit to $81.6 million for the year to June 30, is hoping to glean new mandates in the international equities sector as client demand heats up for global investments.
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Ruth Liew writes on business specialising in Insurance, wealth management and financial services. Ruth is based in our Sydney newsroom. Connect with Ruth on Twitter.
