A portfolio that will help you sleep at night
Mia Kwok
Livewire Markets
While you might be able to rest easy with an investment in this fund, be assured that the managers are not. "Our portfolio is not set and forget," said head of credit and fixed income for Perpetual Investments Michael Korber. "They really are looking for the best opportunity day by day."
Throughout COVID-19, Korber and his team had to sort through the good, the bad and the ugly in the world of corporate credit to make sure they were focused on high quality issuers.
"During a major period of crisis, fixed income is the bedrock that allows you to sleep at night through that period. So the very first characteristic that gives to your portfolio in a crisis period is stability. The other key characteristic that it delivers is regular income," he said.
In this video, Korber breaks down the strategy behind the Perpetual Credit Income Trust and the outlook on corporate credit through 2021.
Make sense of the fixed income landscape
The Perpetual Credit Income Trust (ASX:PCI) employs an investment style that seeks opportunities within the broadest possible universe, providing diversification while at the same time managing risk during any point in a market cycle. Offering monthly cash distributions and targeting a total return of RBA Cash + 3.25% (net of fees), you can learn more here.
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Mia Kwok is a former content editor at Livewire Markets. Mia has extensive experience in media and communications for business, financial services and policy. Mia has written for and edited several business and finance publications, such as Business Insider, Superfunds Magazine and Urban Icon.
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Perpetual Asset Management Australia,
Perpetual Asset Management (Australia)
Perpetual is an ASX-listed, diversified financial services company which has been serving clients since 1886.
Perpetual Asset Management Australia is a dynamic, active manager, offering an extensive range of specialist investment capabilities including Australian and global equities, credit, fixed income, multi-asset as well as environmental, social and governance (ESG), designed to help meet the needs of clients across Australia and New Zealand.
As one of Australia’s longest serving and most trusted investment managers, our longstanding commitment is to deliver superior outcomes over the long-term to clients.
Michael Korber,
Perpetual Asset Management (Australia)
Michael Korber is Managing Director, Credit & Fixed Income and is responsible for the ongoing strategic review and development of process, reviewing the weekly credit process and reviewing the analysis of all new credit securities. Michael joined Perpetual in August 2004.
Michael has over 39 years industry experience and prior to joining Perpetual worked as the first Head of Credit at Macquarie Funds Management, spending six years developing its credit investment processes and building the business from inception to over $7 billion in funds under management.
Prior to this, he spent seven years as Divisional Director in Corporate Banking and four years as second in charge to the Head of Macquarie Bank Credit. Earlier, he had spent five years as a Credit Analyst with Westpac Corporate Banking.
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Mia Kwok
Editor
Livewire Markets
Mia Kwok is a former content editor at Livewire Markets. Mia has extensive experience in media and communications for business, financial services and policy. Mia has written for and edited several business and finance publications, such as...
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