AvSuper has appointed a new investment manager within our Australian shares portfolio. The Trustee’s Investment Committee under took a comprehensive review and due diligence process to select Perpetual Investments.
Perpetual Investments, the specialised asset management business of Perpetual Limited, runs a Concentrated Equity strategy, a broad capitalisation Australian equities portfolio investing in high quality companies.
Their portfolio typically holds a relatively small number of stocks with high conviction, across a range of sectors. In the 2012 calendar year, the Wholesale Concentrated Equity Fund returned 24.5% (before fees), outperforming the S&P/ASX300 benchmark by 4.7%.
Following a very strong year to date in the Trustee’s Australian Shares portfolio, we look forward to Perpetual’s contribution to AvSuper’s strong, long term investment returns for our members.