Perpetual Active Fixed Interest Fund - Class A
The Fund aims to provide regular income with quarterly distributions from both diversification and risk management through exposure to a hand-picked selection of primarily corporate and government bonds (For Wholesale Investors Only).
The Perpetual Active Fixed Interest Fund aims to provideinvestors with a regular, quarterly income stream.
The portfolio consists of a handpicked selection of primarily government and corporate bonds chosen from a wide universe of debt instruments in order to maximise return opportunities and to diversify risk.
The Fund is actively managed by an experienced portfolio manager who has managed the fund through numerous credit and rates cycles, supported by a stable team that has invested together for over a decade, using an investment approach that seeks to identify quality credit investments while actively managing risk.
The Perpetual Active Fixed Interest Fund could suit those that are looking for a fixed interest holding of government and corporate securities.
It is a core fund for Australian investors, providing income and diversification to equity risk, offering investors the defensive characteristics they are seeking.
The Fund aims to provide investors with regular income by investing in fixed income securities, primarily
government and corporate bonds and to outperform the Bloomberg AusBond Composite Index (before fees and taxes) over rolling three year periods.
Perpetual aims to enhance returns by:
- diversifying the portfolio amongst different securities issued by various borrowers
- actively managing for changes in market-wide and security-specific credit margins
- identifying and investing in relative value within the universe of credit securities
- actively managing the portfolio with respect to interest rates, swap and credit margins, and managing the portfolio's sensitivity in these.
Derivatives may be used in managing the Fund.
| Assets | Range (%) |
| Cash and investment grade securities |
90-100% |
| Sub-investment grade securities and non-rated securities limit | 0-10% (subject to a 5% issuer limit) |
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Michael Korber is Managing Director, Credit & Fixed Income and is responsible for the ongoing strategic review and development of process, reviewing the weekly credit process and reviewing the analysis of all new credit securities. Michael joined Perpetual in August 2004.
Michael has over 39 years of industry experience and prior to joining Perpetual worked as the first Head of Credit at Macquarie Funds Management, spending six years developing its credit investment processes and building the business from inception to over $7 billion in funds under management.
Prior to this, he spent seven years as Divisional Director in Corporate Banking and four years as second in charge to the Head of Macquarie Bank Credit. Earlier, he had spent five years as a Credit Analyst with Westpac Corporate Banking.
Qualifications: BEc
Vivek is Head of Fixed Income and joined Perpetual in 2004. He has over 28 years of experience spanning accounting, finance, investments, governance and risk management. He has managed multi-billion dollar fixed-income, credit and currency portfolios and his role involves credit analysis, trade execution and portfolio construction.
Previously, he spent nearly 8 years at Macquarie Bank in roles including Assistant Portfolio Manager (Credit, Global Fixed Interest and FX), Credit Analyst, Compliance Manager (Funds Management Group) and Operational Risk Analyst (Internal Audit). Prior to this, Vivek spent almost 4 years at Coopers & Lybrand (PwC) as an accountant/auditor.
He's aimed to give back to the communities, organisations and people with whom he's connected. Vivek joined the Board of The Deaf Society of NSW in 2011 and currently serves as Director and Treasurer. He joined Perpetual's Diversity Council in 2012, chaired by Perpetual's CEO. Since 2010, Vivek has regularly mentored university students, colleagues & finance industry professionals, leading the Fixed Income stream for Perpetual's Investment Analyst Program.
He was awarded the 2011 Financial Services Institute of Australasia (FINSIA) Hugh DT Williamson Performance Scholarship, an award recognising professional accomplishment, social responsibility and leadership. In 2011, he was also awarded a not-for-profit directors scholarship from the Australian Scholarship Foundation.
Qualifications: BBus, FCA, FFin, MBA, GAICD
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