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Perennial Value trusts receive ‘recommended’ ratings

By Yasmine Masi19 October 2021

Perennial Value has received ‘Recommended’ ratings from research house Lonsec for two of its trusts, the Perennial Value Shares Wholesale Trust (PVSWT) and the Perennial Concentrated Australian Shares Trust (PCAST).

PVSWT is an ESG-aware and value-oriented Australian equities fund, with a broad-cap focus and offers opportunities across a spectrum of large, mid and small cap companies.

As the portfolio management team has an average of 22 years of experience, the trust’s rating has been upgraded by Lonsec from ‘Investment Grade’ to ‘Recommended’.

“We are delighted to have received this rating from Lonsec for our flagship wholesale trust,” said Stephen Bruce, Lead Portfolio Manager for PVSWT.

“Our approach has been proven throughout multiple market cycles, and we look forward to building on our 20-year track record. We are particularly excited by the opportunities being presented for fundamental-based investors to add value in the current market environment.”

The Perennial Value Australian Shares strategy has delivered an annual performance of 9.5% since its inception, net of fees.

Lonsec commented on the resourced and experienced investment team, coverage of the Australian market and “robust and repeatable” investment process.

PCAST, launched in 2017, offers a concentrated portfolio of 15-30 companies listed on the ASX to retail investors, and employs the firm’s value focus. The ‘Recommended’ rating is its first by Lonsec.

“We are pleased that PCAST has received this Recommended rating in its inaugural review by Lonsec,” said Dan Bosscher, PCAST Portfolio Manager.

“We believe the trust is well positioned to benefit from the post-COVID economic recovery – an environment that offers the potential for significant outperformance for value style investing.”

In its review of the trust, Lonsec said Perennial Value showed several characteristics that it sought in a ‘boutique’ investment manager, including “equity ownership by the investment team, a strong alignment of interests and an investment-oriented culture”.

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