Pengana’s fund ‘recommended’ by Lonsec


Pengana Capital Group (PCG) has announced that its WHEB Sustainable Fund has received a “recommended” rating from Lonsec.
The fund said it only invested in companies that created a positive social or environmental impact or produces goods and services that addressed sustainability.
The “recommended” rating indicated that Lonsec had strong conviction the financial product could generate risk-adjusted returns in line with relevant objectives and was an entry point to this asset class of strategy, the firm said.
Pengana’s director of distribution, Damian Crowley said: “We have received consistent feedback from financial advisers and investors that ethical, sustainable and responsible investing is a priority to them.”
“The partnership with WHEB has allowed to deliver a sustainable investment solution that meets these clients’ needs, without compromising returns. The endorsement from Lonsec is great news for advisers and their clients who have been looking to invest in the fund,” he said.
The fund is managed by a team at WHEB Asset Management who had run the same strategy in the UK for over 12 years.
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.