eInvest Future Impact Small Caps Fund
Perennial has launched an actively managed environmental, social and governance (ESG) exchange traded fund (ETF) - the eInvest Future Impact Small Caps Fund - on its ETF distributing platform eInvest. The fund is managed by Perennial Value Management.
“We are seeking to invest in small and mid-cap companies that are making a positive contribution to a sustainable future," Damian Cottier, portfolio manager at Perennial Value, said.
"We have a strong heritage in investing in the under-researched small cap universe which makes us well placed to uncover interesting investment opportunities for the fund.”
The fund is benchmarked against the S&P/ASX Small Ordinaries Accumulation index, and may hold up to 70 Australian or New Zealand stocks at any one time.
The fund has a management fee of 0.99 per cent per annum plus a monthly performance fee of 20% of any outperformance of the benchmark index once certain hurdles have been met.