Pengana’s fund ‘recommended’ by Lonsec

pengana-capital/WHEB/lonsec/recommended-rating/

14 March 2018
| By Oksana Patron |
image
image image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 16 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5