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Money Management – Oksana Patron
The Perennial Value Microcap Opportunities Trust has been added to the IOOF Pursuit platform.
The trust invested in both listed and unlisted companies including small and microcap stocks and, since its inception in 2017, delivered annualised return of 24.3 per cent, net of fees, outperforming the S&P/ASX Small Ordinaries Accumulation Index by 18 per cent and a cumulative return of 51.6 per cent, the firm said.
Perennial’s head of smaller companies and micro caps, Andrew Smith, said that the trust would provide investors with more opportunities to access Perennial’s microcap strategy.
