Super membership growth for Aust Ethical
Growing numbers of Australians are looking to reap the benefits of the strong performances delivered through responsible investment, by switching their superannuation to ethically driven funds, Australian Ethical reveals.
Australian Ethical managing director, Phil Vernon, reported that at the end of Q3, the super fund had $1.235 billion in funds under management, up 5.9 per cent on the previous quarter.
"Net inflows for the last quarter have set yet another record, at 20 per cent about the previous quarter and 97 per cent higher than the same quarter of the previous year," he said.
"There are now over 25,000 members in our super fund and almost 40 new members joining every month, as Australians realise they can invest ethically while enjoying strong investment performance."
Recommended for you
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
