- Australian Ethical Investment (AEF) is reporting a 50 per cent increase in funds under management (FUM) over the financial year
- FUM has grown from $4.05 billion to $6.07 billion between June 2020 and June 2021, with $5.41 billion in superannuation assets
- AEF Chief Executive Officer John McMurdo says the growth reflects shifting attitudes towards ethical investments
- AEF also cites record quarterly net flows and strong investment performance
- Australian Ethical Investments shares are up 0.12 per cent to trade at $8.03 at 11:45 am AEST
Australian Ethical Investment (AEF) has reported a 50 per cent increase in funds under management over the financial year, with funds under management now totalling $6.07 billion.
The company’s superannuation assets accounted for the largest portion of this total product, representing $5.41 billion as at March 31.
The growth represents a $2.02 billion increase over the year, from $4.05 billion at 30 June 2020 to $6.07 billion as of 30 June 2021.
Quarterly funds under management (FUM) grew by 12 per cent — roughly $0.66 billion — between 31 March ($5.41 billion) and 30 June 2021 ($6.07 billion).
AEF Chief Executive Officer and Managing Director John McMurdo attributed this growth predominantly to record quarterly net flows and strong investment performance, but said it also reflected changing attitudes towards ethical investments.
“Australians are sick of a government that refuses to acknowledge the very real danger we are all facing when it comes to climate change,” Mr McMurdo said.
“We see this significant rush of funds into our ethical and climate-friendly superannuation and managed funds as another clear indication that the average Australian is continuing this drive.”
Australian Ethical Investments shares were up 0.12 per cent to trade at $8.03 at 11:20 am AEST.