Pengana Capital Group has engaged in a strategic agreement with a UK-based investment manager to manage one of its funds.
The agreement with WHEB Asset Management will allow Pengana to manage the Hunter Hall Global Deep Green Trust.
Pengana said the trust will be renamed the Pengana WHEB Sustainable Impact Fund and will adopt the WHEB Listed Equity strategy dating back to January 2006.
The announcement follows on from Pengana’s merger with Hunter Hall, approved by shareholders on 1 June.
PCG chief executive Russel Pillemer said the move reinforced the manager’s commitment to an ethical and sustainable investment offering.
“This is an exciting development for investors in the Hunter Hall Global Deep Green Trust,” Mr Pillemer said.
“The agreement significantly complements and enhances our ethical investment offering by providing a fund with a disciplined positive screening process and integrated ESG (environmental, social and governance) analysis at all stages of the investment process.”