POWERED BY MOMENTUM MEDIA
Australian Ethical hits $5b in FUM
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
Source FE Analytics
“Back in 2015, we set the audacious goal of growing funds under management from $1 billion to $5 billion by 2020. It’s great to have met that target,” Australian Ethical’s chief executive, John McMurdo, said.
“Of course, 2015 was also the year that Australia and other countries around the world committed to the Paris Agreement on climate change, and the United Nations established the Sustainable Development Goals (UN SDGs).”
McMurdo said that Australian Ethical’s investment approach involved selecting investments with a positive impact on people, planet and animals while, at the same time, it followed strict due diligence regarding ethics, environmental impact, social responsibility and good governance.
“We think our approach proves that sustainability and outperformance can move in tandem. That’s because good does better: it’s better for your bottom line, and has a better impact for people, planet, and animals,” he said.
Performance of the Australian Ethical International Shares Wholesale against the sector over one year to 30 November 2020
Source FE Analytics
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
