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    IRE   AU000000IRE2

IRESS LIMITED

(IRE)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 11/30
12.39 AUD   +1.56%
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Iress : supports Perennial's drive to expand funds distribution

10/10/2021 | 07:22pm EST

Iress has expanded its funds administration partnership with Perennial Value Management (Perennial), an Australian-owned specialist active investment management firm.

Through its Quoted Managed Funds capabilities, Iress will support the Perennial issued Daintree Hybrid Opportunities Fund (Managed Fund) (ASX:DHOF), connecting the fund to brokers via CHESS along with traditional managed fund channels such as platforms and direct online. DHOF targets an absolute return over time by investing in a diversified portfolio of global hybrid securities.

The expanded partnership will present all investors with the choice to access DHOF via their broker or online via direct application. Iress will utilise its integrated technology to deliver a consolidated solution within a single register. By providing dual access to managed funds with all transactions recorded in the same place, Iress' solution increases efficiency by removing the administrative friction typically seen from using two separate registry systems for listed and unlisted funds.

Iress' head of corporate development & market infrastructure, Warwick Angus, said: "Perennial has significant experience and expertise in listed fund distribution and we've been delighted to support them in delivering a dual access option for their managed fund investors.

"The global trend towards fund managers issuing listed funds or exchange traded managed funds (ETMFs) has been gathering pace for some years. Iress now provides our clients with a leading solution that supports both listed and unlisted funds through a single registry system. This new capability is a logical evolution of Iress' registry product, and we will continue to invest in our listed access channels as part of our strategy to support flexible investment options for our clients."

eInvest Managing Director, Camilla Love, whose funds are issued by Perennial, said: "We are delighted to partner with Iress to offer DHOF to our customers. This model will be an important channel in the future of retail distribution. Iress provides us with innovative and automated registry technology options that support our focus on enabling all Australians to access high quality active investment solutions."

Disclaimer

IRESS Limited published this content on 10 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2021 23:21:03 UTC.


ę Publicnow 2021
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Financials
Sales 2021 601 M 427 M 427 M
Net income 2021 72,2 M 51,2 M 51,2 M
Net Debt 2021 185 M 131 M 131 M
P/E ratio 2021 32,9x
Yield 2021 3,74%
Capitalization 2 284 M 1 625 M 1 622 M
EV / Sales 2021 4,11x
EV / Sales 2022 3,93x
Nbr of Employees 2 250
Free-Float 92,7%
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Technical analysis trends IRESS LIMITED
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 7
Last Close Price 12,39 AUD
Average target price 12,70 AUD
Spread / Average Target 2,50%
EPS Revisions
Managers and Directors
Andrew Leslie Walsh Chief Executive Officer, MD & Executive Director
John Harris Chief Financial Officer
Roger Sharp Chairman
Andrew Todd Chief Technology Officer
John Alexander Duncan Cameron Independent Non-Executive Director
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