Perpetual has wound up an international fund due to limited inflows, according to a Morningstar report.
The Perpetual Wholesale Geared International Fund will close in July due to a small asset base and limited inflows, the report said.
The fund was launched on July 2007 and had only $920,000 in funds under management (FUM) as at the end of May 2010.
"Perpetual took the view that the fund's strategy could not be operated effectively with the existing FUM book," a Perpetual spokesperson said.
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"We gave investors the opportunity to either withdraw their monies before the closure date or have their proceeds returned once the fund's liquidation is finalised," she said.
