Perpetual Investments is increasing its wholesale fees across its entire range of products following a 12-month review of the market’s pricing structure.
“We’re in the first and second quartile for performance but the third and fourth for fees,” Gerard Doherty, Perpetual group executive wealth management, said. The wholesale price increases range from 5 to 30 per cent with an average increase of 10 per cent. The management expense ratio on the Australian shares product will increase from 92bps to 99bps but the small cap fund will see fees increase to 1.2 per cent from 92 bps. “That’s still significantly below a number of other small cap funds,” Doherty said. The price increase is the first since the funds’ launch in 2000, according to Doherty, and clients were informed yesterday. “We’ve been through a thorough review…We think these increases are reasonable,” he said.
Asset owners that have set emission reduction targets face the onerous task of collecting and aggregating emissions data for every asset they own, and the challenge has been particularly complex for unlisted assets. Aware Super head of responsible investment Liza McDonald says working with the provider of the infrastructure that connects asset owners to asset managers and underlying assets has been “a brilliant step”.
Simon HoyleMay 12, 2025
