In its announcement to the Australian Securities Exchange (ASX), Perpetual said for the three months to 30 June, 2021, PAMA net flows were marginally positive as institutional flows into multi asset were offset by outflows from Australian equities. “Growth in asset values for the quarter was $1 billion, net of distributions, driven by higher markets,” it said. Perpetual chief executive and managing director, Rob Adams, said: “The launch of our new ESG [environmental, social and governance] Real Return strategy had a very successful start, winning institutional flows and underpinning a solid quarter for PAMA. “Encouragingly, we are also seeing good momentum across our global equities solutions and in the listed space, with the perpetual equity investment company conducting a successful capital raising over the quarter.”