Zenith recommends Pengana funds
The Pengana International Equities Fund (PIEF) and the Value Growth Trust, formerly part of Hunter Hall International, have received ‘recommended’ ratings from Zenith Investment Partners.
Pengana said both funds aimed to provide exposure to a diversified portfolio of cash-generative and growing global companies that could meet the following investment criteria:
- Core (60-80 per cent): stable and growing businesses that generate consistent returns
- Cyclical (0-30 per cent): businesses operating in cyclical industries that were poised for a cyclical upturn, which was not recognised in the share price
- Opportunistic (0-20 per cent): unique companies specific situations that offered attractive potential upside
Additionally, the VGT employed formal negative ethical screens that would exclude industries that could harm to people, animals or the environment.
Pengana Capital Group’s director of distribution, Damian Crowley said: “We’ve been working hard to restore ratings and accessibility for the Hunter Hall funds, as well as maintain and improve ratings across our range of investments.”
“The result of this review with Zenith is particularly pleasing, as the ethical/sustainable characteristics of the VGT are very important to our investors, advisers and shareholders.”
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.
