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.
Recommended for you
Over 90 finalists have been chosen to compete at the 36th annual Fund Manager of the Year Awards, to be held in Sydney on 13 June.
Clients may be asking their adviser whether there is still value in the US technology names after their rally, but Fidelity International’s Lukasz de Pourbaix believes they can still offer upside.
T. Rowe Price has moved overweight on global equities in its multiasset funds and appointed a chief operating officer for Asia-Pacific.
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.