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Site Group (ASX:SIT) enters $15M funding arrangement with Lucerne Investment
  • Australian Ethical Investment (AEF) has reached $5 billion in funds under management (FUM) during December 2020 quarter
  • The company, which investors might be familiar with as the trustee for the Australian Ethical Retail Superfund, advised its FUM had increased by 16.9 per cent on the previous quarter
  • It marks a near 25 per cent increase on funds under management to date for the financial year
  • The company attributes the increase to exceptional investment performance and strong netflows
  • AEF shares are up a healthy 3.44 per cent on the back of the announcement, trading at $5.71 each

Australian Ethical Investment (AEF) has reached $5 billion in funds under management (FUM) during December 2020 quarter.

AEF also acts as the trustee of the Australian Ethical Retail Superannuation Fund, a fund comprised of securities or managed funds deemed well-managed, ethical companies.

The company notified investors its FUM had increased by 16.9 per cent on the previous quarter, increasing the total from $4.32 billion to $5.05 billion for the quarter ended December 31, 2020.

It marks a 24.6 per cent increase on funds under management for the financial year to date.

The changes are also inclusive of asset value due to market values and asset income, and also include the outflow of $1,000,000 as part of the federal government's early superannuation release scheme.

According to AEF, the increase was driven by exceptional investment performance and strong netflows.

AEF shares are up a healthy 3.44 per cent on the back of the announcement, trading at $5.71 each at 1:27 am AEDT.


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