Perpetual has launched a diversified fund of ethical, socially responsible fixed income assets called the Perpetual Ethical SRI Credit Fund.
The fund will invest in high quality debt securities that have passed both Perpetual's credit screening process and an ethical and socially responsible investment screening process. The strategy will balance investment grade 'core' assets with a smaller 'plus' allocation to high yield and unrated securities.
"This fund will appeal to investors with strict social and ethical considerations including not for profit organisations. It complements our strong heritage and track record in ethical, socially responsible investments," portfolio manager and head of fixed income, Vivek Prabhu, said.