Why is Perpetual underperforming?
The share price of Perpetual (ASX:PPT) has been underperforming the S&P/ASX 200. We look at the reasons why and whether the chart for PPT shows some support building at current levels. A background on Perpetual PPT is a wealth management company that operates three divisions, namely Perpetual Investments, Perpetual Private and Perpetual Corporate Trust. Perpetual Investments provides investment management services on behalf of private, corporate, superannuation and institutional clients. It is the main earnings driver, accounting for 60% of group …