Perpetual announced the launch of the first of a suite of Exchange Traded Managed Funds (ETMFs) on Monday.
Perpetual Ethical SRI Fund (Managed Fund) (ASX: GIVE) commenced trading on the ASX on Monday and is the first suite of active ETFs Perpetual intends to launch. It will shortly be followed by the launch of the Perpetual Global Innovation Share Fund (Managed Fund) (ASX: IDEA), the asset manager said in a statement.
"The launch of active ETFs is aligned with our strategy to invest in new capabilities and offer investors an additional channel (via the ASX) to access Perpetual’s proven active management expertise," said Amanda Gillespie, group executive at Perpetual Asset Management Australia.
"Both GIVE and IDEA are a unit class of their respective managed fund, utilising the same investment strategy of the applicable fund," Ms Gillespie said.
"As the ETF market continues to grow, we expect investors will increasingly look towards ETFs that offer the benefits of active management when constructing their portfolios.”
Research conducted by Perpetual shows 25 per cent of Australians try to invest in companies that are not harmful to the environment and society, while 24 per cent of Australians are actively looking to invest in companies that are beneficial to the environment and society.
“We are excited by both the Perpetual Ethical SRI Fund and the Perpetual Global Innovation Share Fund’s continued growth through the launch of GIVE today and IDEA in the near future.
"The launch of these capabilities in an ASX quoted structure provides investors the ability to benefit from Perpetual’s active management approach, underpinned by deep investment research and insights, and to gain access to key themes of responsible investing and global innovation," Ms Gillespie concluded.
Maja Garaca Djurdjevic
Maja's career in journalism spans well over a decade across finance, business and politics. Now an experienced editor and reporter across all elements of the financial services sector, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies.
