Perennial Value Microcap Opportunities Trust

Perennial Value has launched the Microcap Opportunities Trust (the Trust) to provide investors with an actively managed exposure to a portfolio of Australian microcap companies, employing a value style investment process.

The aim of the Trust is to invest in Australian microcap companies that are either listed or unlisted, found outside the S&P/ASX Top 100 Index, and to provide a total return (after fees) that exceeds the S&P/ASX Small Ordinaries Accumulation Index measured on a rolling three-year basis.

Commenting on the microcap sector and the opportunity for Perennial to add value, Grant Oshry, head of the Perennial Small Companies team said: "The number of available opportunities helps explain why a professional manager is required for this market segment. At a macro level, there are 2,092 ex-100 listed companies - but only 401 or 20% of these are researched by major brokers".

The Trust will hard close when it reaches $150 million and will invest in a portfolio of up to 70 stocks with a market cap of less than $500 million at the time of purchase.