On the eve of its national adviser roadshow presentation in Newcastle, NSW, Perennial Value Management (Perennial) says domestic and international economic indicators support a strong case for active value investing and high conviction exposure to a number of underlying investable trends.
Over 1000 professional financial advisers at major capital cities have so far heard from independent economist Saul Eslake, Perennial founder John Murray and seasoned portfolio managers Stephen Bruce and Dan Bosscher.
“Advisers have taken away a comprehensive macro view of international economies courtesy of Saul’s incisive commentaries, coupled with the considered opinion of the most stable value investment team in Australia, under Perennial founder John Murray,” said Perennial’s General Manager, Investment Services Brian Thomas.
Mr Thomas said a key message within the presentation to advisers was highlighting the disparity between highly priced growth and value stocks, both locally and globally.
“In times like these we usually see some mean reversion with value style investing coming back to the fore,” he commented.
“Perennial has not been at all tempted to buy high P/E stocks like CSL, preferring to stick to its well-proven stock research approach that has added value over the past 16 years.
“Also, income yield from relatively high dividend earning companies remain attractive, but require skilled stock-picking, and – in the case of the Perennial Value Shares for Income Trust – a specific mandate to generate high income yield for investors,” he said.
“The concurrent message is one of preserving capital. Portfolio manager Dan Bosscher explained how the Wealth Defender dynamic strategy works to cushion investors against significant market falls, especially during times of sharp, short retractions.”
The Perennial Value Roadshow continues in Newcastle tomorrow, March 22, and in the nation’s capital on Wednesday March 23, 2016.
