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.
AUTHOR
Oksana Patron
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.
