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eInvest Income Generator Fund (Managed Fund)

Fund Manager: Perennial Value
Inception Date: May 07, 2018

Perennial opens IPO for managed fund

Investor Daily - Mar 23, 2018

Perennial Investment Management has opened its initial offer for an exchange-traded managed fund.   According to a statement by Perennial, the investment manager is seeking to raise funds for its eInvest Income Generator Fund, which aims to deliver “tax-effective income” to investors through monthly distributions. “The fund aims to provide a gross income yield, adjusted for franking credits” and “a 7.0% annual gross distribution yield (comprising a 5% cash dividend yield, paid in monthly instalments, plus 2% franking credits),” the statement said. [More]

Perennial launches new ETF

Money Management - Feb 14, 2018

Perennial Value Management has announced the launch of its new exchange trade fund (ETF), the elnvest Income Generator Fund, aimed at providing investors with a tax-effective income stream. The investment philosophy behind the new fund would be based on the Perennial Value Shares for Income Trust, which was launched in 2005 and generated an eight per cent per annum gross distribution yield after fees, the firm said. The fund would be run by Stephen Bruce and a team comprising 15 investment professionals with an average of 16 years’ experience managing and analysing Australian shares. [More]

Veteran stockpicker John Murray of Perennial Value Management plans to list a second managed Australian equities fund targeting the growing and lucrative segment of Australians who are approaching retirement or already retired. Street Talk can reveal Murray is looking to raise $250 million for what will be called the eInvest Income Generator Fund and which will trade as an exchange-traded managed fund, or ETMF. The fund will be a listed version of the Perennial Shares for Income product managed by Murray and Stephen Bruce which has been running for 12 years. Perennial Value Management already has a listed investment company, or LIC, in Wealth Defender Equities. [More]

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