Pengana International Equities Limited (ASX: PIA)

Product Name

Pengana International Equities Limited (ASX: PIA)

Issuer

Pengana Capital

Category

Investment

Type

Listed Investment Company (LIC)

Target

Retail, Wholesale

Certified Since

2006

Asset Classes

International equities

Markets

New Zealand, Australia

Investment Approaches

Negative Screening, ESG Integration

It Includes:

  • Riaa icons 12 Healthcare and medical products

It has some level of screening for:

  • Riaa icons 41 Alcohol
  • Riaa icons 56 Animal cruelty
  • Riaa icons 36 Armaments
  • Riaa icons 33 Fossil fuels
  • Riaa icons 42 Gambling
  • Riaa icons 45 Genetic engineering
  • Riaa icons 34 Logging
  • Riaa icons 50 Nuclear power
  • Riaa icons 99 Pornography
  • Riaa icons 35 Tobacco

It fully excludes:

  • Riaa icons 52 Human rights abuses
  • Riaa icons 38 Labour rights violations

Overview

Pengana International Equities Limited (ASX: PIA) provides access to the benefits of an actively managed core portfolio of 30-50 ethically screened companies across developed and developing global markets via a listed investment company structure.


Description


Pengana International Equities Limited is committed to responsible investing and seeks to avoid investing in businesses that are, in its opinion, currently involved in activities that are unnecessarily harmful to people, animals or the environment.  Pengana International Equities Limited utilises a negative screening process which seeks to avoid investment in companies that derive operating revenues from direct and material business involvement in these sectors.

Before a company is added to the portfolio, the extent of an investee company’s business involvement in screened activities is assessed by reference to a Business Involvement report sourced from Sustainalytics, an independent provider of Environmental, Social and Governance (“ESG”) and corporate governance research and ratings. 

Consideration of environmental, social and ethical issues raised by prospective and existing investments are investigated within the investment research process and discussed at the Investment Team meeting on an ad-hoc basis. The PCG Risk Officer has final veto power on whether a stock meets the screening criteria for inclusion in the portfolio.

Where it is decided to divest, the asset is disposed as soon as practicable, as determined on a case-by-case basis, whilst endeavouring to realise the best price it reasonably can, taking into account liquidity and other market forces. On occasion we may choose to engage with an investee company rather than divest as a better way to effect change.

Other products certified by the Responsible Investment Association Australasia (RIAA)

Pengana High Conviction Equities Fund

Pengana WHEB Sustainable Impact Fund

Pengana International Fund - Ethical

Pengana International Fund - Ethical Opportunity

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