
Perpetual Asset Management has launched the Perpetual Diversified Income Active ETF (ASX:DIFF), its first Active ETF utilising its Credit and Fixed Income capabilities.
Listed on the Australian Stock Exchange, DIFF is an actively-managed diversified portfolio of liquid, mainly investment-grade securities, giving investors the opportunity to access assets such as senior debt and subordinated bank debt, which are generally more difficult to access directly.
DIFF is a unit class of the Perpetual Diversified Income Fund (DIF), a managed fund with $2.5 billion in funds under management. Over a 20-year history, DIF has delivered a net return above core inflation in 16 financial years to June 30, 2025. Further, the Fund’s gross total return has exceeded the Bloomberg AusBond Bank Bill index over rolling 3-year periods throughout every month since 2011. The Fund is managed by Perpetual’s Head of Credit and Fixed Income Vivek Prabhu, who has more than 20 years of investing experience. Perpetual’s credit and fixed income team comprises eight investment professionals managing more than $8 billion in funds under management.
Chief Executive, Perpetual Asset Management Australia, Amanda Gillespie said: “It’s important we continue to evolve our product suite, and this is another great example of how we can find opportunities that meet the changing needs of investors.”
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Perpetual Head of Credit and Fixed Income, Vivek Prabhu, said: “Fixed income assets such as cash, bonds and credit offer defensive, lower-risk properties than equities and can help investors generate income, diversify their portfolios, preserve capital and hedge against economic conditions, which in today’s uncertain macroeconomic environment is a crucial element of an investment portfolio.
“With elevated equity valuations, uncertain growth outlooks and rising volatility reflecting challenging risk outlook for equities, together with interest rates trending downwards, credit and fixed income investments can offer a safer alternative with reduced volatility and better capital preservation than equities, while at the same time generating strong returns through different market cycles.”
The Fund aims to provide regular income and consistent returns above the Bloomberg AusBond Bank Bill Index (before fees and taxes) over rolling three-year periods by investing in a diverse range of income generating assets and will make distribution payments quarterly.