The Funds are Perpetual’s first registered mutual funds in the US and mark evolution of firm’s strategic partnerships
Perpetual and Barrow Hanley Global Investors (Barrow Hanley), subsidiary of Perpetual Limited, announced the launch of the Barrow Hanley International Value Fund (I Shares – BNIVX, Y Shares – BNIYX) and the Barrow Hanley Emerging Markets Value Fund (I Shares – BEMVX, Y Shares – BEMYX).
Along with the launch of the funds, this marks the entry for Perpetual as an SEC Registered Investment Advisor in the US, allowing the firm to deliver future mutual funds, model delivery, and separately managed accounts to US advisors seeking first-class investment solutions for their clients.
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As a dedicated value manager focused on fundamental analysis, Barrow Hanley pursues a valuation-centric strategy and strives to construct a portfolio of securities, selected on a bottom-up basis, that trade at levels below certain metrics, such as price/earnings (on normalized earnings), price-to-book, enterprise value to free cash flow, and enterprise value to sales ratios. The investment teams of both Funds employ a two-stage research process incorporating both quantitative and qualitative elements.
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Chuck Thompson, Perpetual Head of Distribution & Corporate Strategy – Americas said – “The launch of these funds accomplishes two major goals. It gives Perpetual our first US registered mutual funds and creates the foundation to launch additional vehicles for our affiliates as we broaden distribution channels.”
Cory Martin, Chief Executive Officer and Equity Portfolio Manager of Barrow Hanley said – “The launch reflects a productive step in our partnership with Perpetual as we focus on building world-class investment capability. The initiative extends Barrow Hanley’s reach to broader distribution channels and partners, and by leveraging Perpetual’s growing distribution capabilities, provides investment strategies with tenured performance and added benefits to the marketplace and client base.”
The Barrow Hanley International Value Fund seeks to obtain higher returns compared to the MSCI EAFE Index, while maintaining lower risk by utilizing a consistent, repeatable process to identify international companies across the market-cap spectrum to exploit inefficiencies resulting in a diversified portfolio. The Fund invests principally in common stock and American Depositary Receipts (“ADRs”) and will be managed by Rand Wrighton, Jr., CFA, Senior Managing Director, Equity Portfolio Manager and Analyst, TJ Carter, CFA, CPA, Managing Director, Equity Portfolio Manager and Analyst, and Patrik Wibom, Director, Portfolio Manager and Analyst.
The Barrow Hanley Emerging Markets Value Fund seeks long-term capital appreciation and consistent income from dividends. The Fund invests at least 80% of its net assets in securities of companies based in emerging market countries. The Fund is managed by Rand Wrighton, Jr., CFA, Senior Managing Director, Equity Portfolio Manager and Analyst, Sherry Zhang, CFA, Managing Director, Equity Portfolio Manager and Analyst, and David Feygenson, Director, Equity Portfolio Manager and Analyst.
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