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Aus Ethical reports 7% funds rise 

 — 1 minute read

Australian Ethical recorded a $360 million rise in funds under management during the March quarter, up by 7.1 per cent. 

The ethical wealth group ended March with $5.41 billion in funds under management (FUM), as the product of $300 million in net inflows and a $60 million boost from market performance.

Australian Ethical posted a 33.4 per cent in FUM for the financial year to date, or the nine months to 31 March. It has gained $720 million in net inflows during the period, with $640 million resulting from investment performance.

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The superannuation segment finished the quarter with $3.51 billion in management, attracting net inflows of $160 million during the quarter. 

The super business has grown by 29 per cent in the financial year to date, in terms of FUM, excluding $40 million being withdrawn through the early release of super scheme.

Australian Ethical’s managed funds on the other hand, closed with $1.9 billion, attracting $130 million in net flows. The segment has surged by 42 per cent in the financial year to date.

 

Aus Ethical reports 7% funds rise 
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Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

You can contact her on [email protected].

 

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