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Pengana offers greater choice to investors in international equities with additional fee class
Thursday, 1 August 2019: Pengana Capital Group Limited (ASX: PCG) announced an additional fee class for the Pengana International Fund today to meet different investor preferences.
New fee class for retail investors
The new fee class will offer a 0.65% management fee with a 15% performance fee on all performance above the MSCI All Country World Index. This provides an alternate to the existing fee class of 0.974% with no performance fee.
Russel Pillemer, Chief Executive Officer of Pengana Capital Group said “The introduction of the new fee class for our International Fund is an important step forward in completing the offering to meet the needs of our clients. Advisers are increasingly telling us that they are looking for choice, not only in access to a broader range of investment opportunities and structures than ever before, but also pricing structures to suit their clients’ needs.”
What is staying the same?
No changes have been made to the investment strategy for the Fund, and the investment team continues to be led by Jordan Cvetanovski and Steven Glass.
The Pengana International Fund invests in a portfolio of global companies, diversified across geographies, industries and company sizes created from the 30-50 stock ideas that work best together, rather than just the 30-50 best ideas. The companies considered for inclusion in the portfolio demonstrate large and growing free cash flow generation, and are priced attractively relative to their cash flow. The Fund is designed to be a core international equities holding in a portfolio because it is focused on managing risk and generating returns throughout different market conditions, minimising volatility and providing downside protection. The investment team’s key goals of making money, lowering volatility and preserving capital remain unchanged.
Rashmi Punjabi, Honner
+61 2 8248 3734
About Pengana Capital Group
Pengana Capital Group is a listed funds management group focused on listed and unlisted equities, managing eleven active strategies in Global and Australian markets.
Pengana Capital Group believes that alignment of interest between a fund manager and its investors is crucial. Our business and our funds are structured and managed within this framework.
Headquartered in Sydney, Pengana Capital Group was founded in 2003 and also has operations in Melbourne and Brisbane. Directors and staff are significant equity owners in the company.
Pengana Capital Limited, ABN: 30 103 800 568 AFSL 226566 is the responsible entity and issuer of units in the Pengana International Fund (ARSN 121 915 526) (the Fund). A product disclosure statement for the Fund (PDS) is available and can be obtained from our distribution team. A person should obtain a copy of the PDS and should consider the PDS carefully before deciding whether to acquire, or to continue to hold, or making any other decision in respect of, the units in the Fund. This report was prepared by Pengana Capital Limited and does not contain any investment recommendation or investment advice. This report has been prepared without taking account of any person’s objectives, financial situation or needs. Therefore, before acting on any information contained within this report a person should consider the appropriateness of the information, having regard to their objectives, financial situation and needs. Neither Pengana Capital Limited nor its related entities, directors or officers guarantees the performance of, or the repayment of capital or income invested in, the Fund. Past performance is not a reliable indicator of future performance, the value of investments can go up and down.