Enduring Prosperity - Financial Services Growth Strategy

We are now in a 'value' period for investment markets Ideal environment for majority of Perpetual's investment capabilities to outperform Characteristics of a 'value' market Strong, but uneven, recovery in global growth Inflationary environment Pricing pressures Supply chain pressures Labour market pressures Rising central bank rates Rising bond yields Active fiscal policy management Geopolitical uncertainty Normalisation of equity market valuations 6

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