Pengana WHEB Sustainable Impact Fund awarded ‘Recommended’ by Lonsec, Impact Calculator launched

Wednesday, 14 March 2018: Pengana Capital Group Limited (ASX: PCG) today announced the results of the recent research review with Lonsec Research Pty Ltd (‘Lonsec’).

Having completed the review in January 2018, the Pengana WHEB Sustainable Impact Fund (the Fund) received a ‘Recommended’ rating on first review by Lonsec since the Fund was launched in the Australian market in August 2017. This Fund only invests in companies that create a positive social or environmental impact or produce goods and services that address the challenges of sustainability. 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.

The Fund is managed by a highly experienced team at WHEB Asset Management (‘WHEB’), who have run the same strategy in the UK for over 12 years. WHEB are regarded at the forefront of sustainable impact investing globally and play active roles in many of the organisations leading the thinking in this space. WHEB were recently awarded both ‘Best Sustainable Investment Fund Management Group’ at Investment Week’s 2017 Sustainable Investment Awards and ‘Best Natural Resources and Sustainability Fund’ at Investment Week’s 2017 Specialist Investment Awards. According to the judges, WHEB ‘highlighted both knowledge and dedication, as well an excellent team not afraid to show the courage of their convictions on sustainable issues.’

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”.

Launch of Impact Calculator

WHEB has identified critical environmental and social challenges facing the global population over the next few decades and invest in a range of companies which provide solutions to these challenges. WHEB is committed to measuring and reporting the impact of its investments and the launch of the Impact Calculator on the Pengana website enables investors to track the positive impact associated with their investment in the Fund.

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

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.

Ted helped to found WHEB Asset Management in 2009, and before that was a sector specialist in the renewable energy and utilities sectors at Dresdner Kleinwort and KPMG. Over seven years Ted advised on projects involving over €15bn of investment. Amongst numerous renewables transactions and engagements, Ted advised both of the two largest European renewable energy generators on their European expansion strategy, and on one of the most successful ever disposals of a UK water utility.

Limited places are available to attend events with Ted in Sydney, Melbourne and Brisbane. Contact Pengana Client Service at or on +612 8524 9900 to secure your place.


For all media enquiries, please contact:

Rashmi Punjabi
T: +61 2 8248 3734
M: +61 466 658 475

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