Print
Investment and super fund manager Australian Ethical has announced its funds under management (FUM) have surpassed $5 billion, meeting its target set in 2015 when the firm had only $1.4 billion in FUM.
The move, which represented a 16.9% growth for the quarter ended 31 December 2020, was driven by record net inflows as well as investment performance, the firm said. On top of that, the growth of the Australian Ethical’s funds was helped by fees that drove growth in asset values of $573 million for the financial year to date.
Performance of the Australian Ethical Australian Shares Fund against the sector over one year to 30 November 2020