Perpetual Conservative Growth Fund
Offers investors moderate medium-term growth as well as some income, while managing risk. (For Wholesale Investors Only)
The Fund is designed to be a core strategy for investors seeking an actively managed approach to all key asset classes in a portfolio.
The Fund is managed with a higher allocation to income assets through a cycle, albeit these exposures are managed dynamically.
Aims to provide moderate growth over the medium term and income through investment in a diversified portfolio with an emphasis on cash and fixed income securities; and outperform a composite benchmark (before fees and taxes) reflecting its allocation to the various asset types over rolling three-year periods.
The Fund invests in a diverse mix of growth, defensive and other assets, with a focus on cash and fixed-income securities.
Tactical asset allocation strategies may be applied, which involves the Fund adjusting its exposure to asset classes on a regular basis within the investment guidelines.
Currency is managed at the Fund level, taking into account currency exposure arising from underlying investments. Currency management is used to either hedge currency for an existing position or create exposure to a foreign currency. Net foreign currency exposure will be limited to 50% of the gross asset value of the Fund.
Derivatives and exchange-traded funds may be used in managing each asset class.
| Assets | Range % |
| Australian shares | 0 - 25% |
| Cash | 5 - 55% |
| International shares | 0 - 20% |
| Property | 0 - 10% |
| Fixed income and credit | 15 - 65% |
| Other assets | 0 - 30% |
Click here for our latest Pricing and Performance.
Perpetual Limited is a diversified financial services company which has been serving Australians since 1886 when it was established as a trustee company by a group of businessmen including Sir Edmund Barton, later to be Australia’s first Prime Minister. That trustee heritage – and the culture it created around putting clients first – is what makes Perpetual unique.
Over more than 135 years we have supported clients and communities through periods of great change and volatility, continuing to evolve to provide products and services to meet the changing needs of our clients – some of which span five generations.
Today, we are an ASX-listed company (ASX: PPT) headquartered in Sydney, Australia, providing asset management, private wealth and trustee services to local and international clients. Our operations span Australia, Asia, Europe, the United Kingdom and the United States.
At Perpetual, we are, and have always been, committed to acting in the best interests of our clients and the communities we support to ensure a positive impact and help build a sustainable future. We aim to be the most trusted brand in financial services.
Our purpose is and has always been, to create enduring prosperity.
Michael is Head of Multi Asset for Perpetual Investments. In this role, he is responsible for the suite of Multi-Asset Funds and capital markets research.
Michael joined Perpetual in June 2014 and has 18 years of finance industry experience. Prior to joining Perpetual Michael worked at JANA for 13 years, and held a number of positions across research, consulting and portfolio management, including Head of Investments, and Implemented Consulting.
Earlier in his career, Michael held a variety of positions at UBS, Morgan Stanley and Barclays Capital in both Australia and the United Kingdom.
Michael holds a Bachelor of Business (Economics and Finance) from RMIT University and is a Vincent Fairfax fellow.
David Hudson is the Head of Asset Allocation within the Multi-Asset team for Perpetual Asset Management Australia. In this role, David is part of the portfolio management team managing all multi-asset funds. He is responsible for generating and implementing active asset allocation ideas and the strategic asset allocation of multi-asset funds.
David is a proven portfolio manager with almost two decades of experience in multi-asset portfolio management including 14 years as the lead portfolio manager of diversified funds at BlackRock Investment Management. David has a strong fundamental background in macroeconomics and all asset classes.
David has also held positions as an equity strategist at Bankers Trust Investment Management; fixed income strategist and senior economist at Bankers Trust Investment Bank; and as a senior adviser to the Prime Minister. He started his career as an economist with the Commonwealth Department of Treasury in the early 1980s.
David has an Honours degree in Economics from Adelaide University.
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