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Financial Review
Veteran stockpicker John Murray of Perennial Value Management plans to list a second managed Australian equities fund targeting the growing and lucrative segment of Australians who are approaching retirement or already retired. Street Talk can reveal Murray is looking to raise $250 million for what will be called the eInvest Income Generator Fund and which will trade as an exchange-traded managed fund, or ETMF. The fund will be a listed version of the Perennial Shares for Income product managed by Murray and Stephen Bruce which has been running for 12 years. Perennial Value Management already has a listed investment company, or LIC, in Wealth Defender Equities.
