Pengana launches 2017 Impact Report
Pengana Capital has announced the launch of its 2017 WHEB Asset Management Impact Report and Impact Calculator, which will incorporate measurement of three social themes in addition to the five environmental themes.
In 2015, WHEB, which was the investment manager for the Pengana WHEB Sustainable Impact Fund was the first listed equity investor which had published an impact report.
According to its fourth edition, the report showed that $1 million invested in 2017 was linked to positive social impact including:
- 55 people receiving healthcare treatment,
- $118,000 of costs saved in healthcare systems,
- The provision of 109 days of tertiary education.
Pengana’s director of distribution, Damian Crowley, said the latest Impact Report and the Impact Calculator showed how investors were having a positive impact on people and the planet, by quantifying the positive impact of their investments.
The fund is managed by WHEB’s team, who have run the same strategy in the UK for over 12 years.
“The fund’s superior risk-adjusted returns are testament to WHEB’s fundamental investment philosophy: that companies producing goods and services that address the challenges of sustainability are exposed to structural growth and well positioned to deliver superior returns,” WHEB managing director, George Latham, said.
“We believe our investment performance is because of, rather than despite, the fund’s focus on businesses with a positive impact.”
AUTHOR
Oksana Patron
Recommended for you
The $673 billion global investment manager has appointed a former Zenith sales head as it seeks to expand its reach in the Australian wealth management market.
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
