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.
The role of IFM Investors in arranging a visit by a delegation of Australian super funds to the US last month gives a pointer to the scale of the longer-term ambitions of the global super-fund-owned asset manager, and a recent investment in the manager by the UK pension fund NEST is designed to give it even greater clout. IFM chair Cath Bowtell tells Investment Magazine the manager aims to be a partner to governments around the world as they seek capital to build critical infrastructure.
Glenda KorporaalMarch 21, 2025
