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
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
