Perpetual is carrying out a marketing review of its unit trusts with any changes likely to take plac...
Perpetual is carrying out a marketing review of its unit trusts with any changes likely to take place towards the end of the year.
One area the review is focusing on is the group's range of international
unit trusts. While it does not intend to change any of the funds remits, it is considering renaming some of the portfolios. It is hoped any name changes will make it much clearer to potential investors the actual objectives of each of the six funds.
Both Perpetual International Growth and Perpetual World Growth might be thought to have the same remit but International Growth is invested in direct equities to achieve long term capital growth while Worldwide Growth aims to achieve capital growth by investing in other Perpetual funds.
Other funds which the group may decide to rebrand include Perpetual International Emerging Companies, World Income Pep, Pep Growth and Worldwide Recovery.
Would create €1.4bn giant
Will work alongside de Bunsen and Webster
Briggs headed up insurance business