Defensive fund gaining traction in New Zealand

Perennial Head of Retail Funds, Brian Thomas, says its Value Wealth Defender Australian Shares Trust has already attracted $6 million in funds from New Zealand investors.

He says the fund offers "a unique way to manage the downside risk in investing in Aussie Shares."

“We’ve been working on the concept of a new way to cushion the downside but it was only when we were able to employ the services of a very experienced risk manager and derivatives expert, Dan Bosscher that the concept came together,” he said

“In many ways we can thank the new regulations on investment banks globally and their underlying capital issues post the GFC to ensure that experienced risk managers like Dan now see a great future with more traditional asset management firms like Perennial.”