Announcements & Press Releases

WHEB’s fund in Australia awarded ‘Recommended’ by Lonsec and Impact Calculator launched in Aus $


Wednesday, 21 March 2018: The Pengana WHEB Sustainable Impact Fund has been awarded a ‘Recommended’ rating by Lonsec Research Pty Ltd (‘Lonsec’), one of Australia’s leading ratings agencies.

WHEB’s partnership with Australian firm Pengana Capital Group (ASX: PCG), announced in June last year, has created the Pengana WHEB Sustainable Impact Fund (the Pengana fund), a retail available mirrored fund matching the strategy of the FP WHEB Sustainability Fund in the UK.

On first review by Lonsec since the fund was launched in the Australian market in August 2017, the Pengana fund received a ‘Recommended’ rating in January 2018. The ‘Recommended’ rating indicates that Lonsec has strong conviction the financial product can generate risk adjusted returns in line with relevant objectives and is considered an appropriate entry point to this asset class or strategy. For more information on the fund’s rating, please click here.

Damian Crowley, Director of Distribution at Pengana Capital Group said “We have received consistent feedback from financial advisers and investors that ethical, sustainable and responsible investing is a priority to them.” He continued “The partnership with WHEB has allowed us 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”.

George Latham, Managing Partner and CIO at WHEB Asset Management said “We are delighted to partner with Pengana to make WHEB’s investment strategy, focused on positive sustainable impact, available to Australian investors, and to receive this recognition from Lonsec of the quality of our investment process”.

Launch of Impact Calculator in Australian $

Following the success of WHEB’s Impact Calculator, launched last summer in the UK, this innovative tool is now available in Australian $ for investors in the Pengana fund. The calculator allows advisors and intermediaries to show their clients their own personal ‘impact statement’ for their investment in the fund.

For example, $1m (Aus $) invested in the strategy during 2016 helped avoid 938 tonnes of CO2e, diverted 82 tonnes of waste from landfill and treated 11.4m litres of waste water.

The Impact Calculator in Aus $ can be accessed at pengana.com/impact-calculator.

Investor and adviser roadshows

Ted Franks, WHEB Partner and Fund Manager for the Pengana WHEB Sustainable Impact Fund will be visiting Australia from 12 – 19 April 2018 for a series of investor and adviser events.

 ENDS

For further information about Pengana, please see: www.pengana.com

For more information about Lonsec, please see: www.lonsecresearch.com.au

For further information about WHEB, please see: www.whebgroup.com

The Lonsec Rating (assigned January 2018) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Pengana Capital product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

 For further information regarding Lonsec’s Ratings methodology, please refer to our website at: https://www.lonsecresearch.com.au/ratings/#ratings-definitions