Australian Ethical FUM up in Q4
Australian Ethical Investments' funds under management (FUM) increased 7.5 per cent counting quarter-on-quarter and reached $1,841 million in the quarter ended 31 December, 2016.
At the same time, net flows also continued to be strong.
According to the company, growth was driven by strong investment performance, a growing awareness of ethical investment and targeted marketing.
October was a record month for the firm, with net flows of $39.5 million while November saw a record number of new superannuation members of 989, it said.
AUTHOR
Oksana Patron
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