ASX: PIC - Seeking income in an uncertain world?

With markets expected to be set for a long bout of volatility as the realities of ongoing geopolitical tensions, higher inflation and policy uncertainty play out, we believe the need for yield and the search for income becomes more important and is a frequent theme amongst investor conversation.

Some Listed Investment Companies (LICs) have attempted to reinvent this investment structure in recent years, but the bottom line remains the same: we consider LIC shareholders generally seek an income stream of fully franked dividends from their investment.

 

Overview

The Perpetual Equity Investment Company Limited (ASX:PIC) is a listed investment company that aims to provide investors with an income stream and long-term capital growth in excess of its benchmark (S&P/ASX 300 Accumulation Index) over minimum 5-year investment periods.

PIC’s investment strategy is to invest in a concentrated and actively managed portfolio of Australian listed securities with typically a mid-cap bias and global listed securities. We consider that active management plays a crucial role in the investment process both from a portfolio return perspective and to generate franking credits for the payment of fully franked dividends to our investors.

Features & Benefits

  • FLEXIBLE INVESTMENT STRATEGY

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    TRANSPARENCY, SIMPLICITY, VISIBILITY

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    ONE OF AUSTRALIA'S MOST EXPERIENCED FUND MANAGERS

  • RIGOROUS COMPANY ANALYSIS AND RESEARCH

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Looking ahead

At this point in the market cycle, we are finding that growth stocks have become overpriced and there is a return to favouring value stocks. Hence, we believe markets are poised for a further rotation to more value-orientated investment environment. Quality companies with balance sheet strength, recurring earnings and sound management will, in our view, provide great opportunity to deliver sustainable long term returns.

 

What are the risks?

As with all investments, an investment in PIC is subject to risks. The value of PIC’s shares may go up and down due to factors outside the control of PIC, which means the value of your investment may rise or fall and you may not be able to sell your investment quickly.

It is recommended that you familiarise yourself with the possible risks of investing in PIC and seek professional financial advice if you are unsure of any risk aspects before making an investment in PIC.

Disclaimer

This information has been prepared by Perpetual Investment Management Limited (PIML) ABN 18 000 866 535, AFSL 234426, as the investment manager of the Perpetual  Equity Investment Company Limited (ASX: PIC) ACN 601 406 419 (Company). It is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial adviser, who can provide you with the relevant Financial Services Guide, whether the information is suitable for your circumstances. The information is in summary form and is not necessarily complete. It should be read together with other announcements for the Company lodged with the ASX available at www.asx.com.au . To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information.

The information may contain information that is based on projected and/or estimated expectations, assumptions or outcomes. These forward-looking statements are subject to a range of risk factors. The Company and PIML caution against relying on any forward-looking statements, particularly due to uncertainty and volatility in the market, geo-political factors and ongoing disruption caused by COVID-19.

While PIML has prepared this information based on its current knowledge and understanding and in good faith, there are risks and uncertainties involved which could cause results to differ from the forward-looking statements. Neither the Company or PIML will be liable for the correctness and/or accuracy of the information, nor any differences between the information provided and actual outcomes, and reserves the right to change its projections or other forward-looking statements from time to time. Neither the Company nor PIML undertake to update any forward-looking statement to reflect events or circumstances after the date of this information, subject to disclosure obligations under the applicable law and ASX listing rules.

Neither the Company, PIML nor any company in the Perpetual Group guarantees the performance of, or any return on an investment made in, the Company. Perpetual Group means Perpetual Limited ABN 86 000 431 827 and its subsidiaries. Past performance is not indicative of future performance.