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
Ausbil is growing its active ETF range with an ESG product in collaboration with sister company Candriam.
Philanthropic investment group Future Generation’s CEO, Caroline Gurney, will step down from her role at the start of next year.
The newly combined L1 Group is expectant of stabilising Platinum’s falling funds under management within the next 18 months, unveiling four growth pathways and a $330 million equity raise.
Janus Henderson Investors has launched a global small-cap fund for Australian investors, which includes a 5.4 per cent weighting to Australian equities.
