市场见解

Australian Ethical (ASX:AEF) share price climbs on FUM update

The fund manager now boasts in excess of $6 billion in funds under management.
The post Australian Ethical (ASX:AEF) share price climbs on FUM update appeared first on The Motley Fool Australia. –

The Australian Ethical Investment Limited (ASX: AEF) share price is bucking today’s general market weakness. Shares in the fund manager have remained relatively positive after it released an update earlier today.  

At the time of writing, Australian Ethical shares are trading 1% higher at $8.10. Let’s take a look at what the company announced and how it’s been performing.   

Australian Ethical grows funds under management

Earlier today, Australian Ethical provided the market with an update on its funds under management (FUM) for the quarter and full year.

The announcement was highlighted by a 56% increase in net flow of $1.03 billion for the full year ending 30 June 2021. Combined with strong investment performance, Australian Ethical’s FUM increased to $6.07 billion. 

Australian Ethical reported a 12% increase in quarterly FUM, equating to roughly $0.66 billion.

The company’s superannuation holdings accounted for the largest portion of its FUM, representing $5.41 billion.

In a previous update released in late May, Australian Ethical CEO John McMurdo cited the “unprecedented interest and demand for ethical investing” and that the company expects “this growth in ethical investing to accelerate”.

Australian Ethical share price snapshot

Australian Ethical is a funds management company that specialises in environmentally and socially responsible investing. Its business is divided into managed funds and superannuation funds.

The company’s managed funds segment provides investors with 8 different investment options. In addition, Australian Ethical’s superannuation business allows investors to build a retirement plan by investing in ethically sustainable businesses.

The Australian Ethical share price has had a stellar year thus far, surging by more than 60% since the start of 2021.

Shares in the fund manager were trading at all-time highs of almost $10 in late May. Since then, the Australian Ethical share price has sold off, falling by around 18% to its current level.

Part of these falls occurred after Australian Ethical provided updated earnings guidance for FY21.

The company advised investors it expected to deliver an underlying profit after tax before performance fees of between $8.8 million and $9.3 million for FY21.

Earlier this month, Australian Ethical announced that its Emerging Companies Fund outperformed its benchmark, the S&P ASX Industrials Index (ASX: XNJ) over the last 12 months.

The post Australian Ethical (ASX:AEF) share price climbs on FUM update appeared first on The Motley Fool Australia.

Should you invest $1,000 in Australian Ethical right now?

Before you consider Australian Ethical, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Australian Ethical wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

Why do some ASX ETFs have dividend yields of 20% right now?

ASX 200 up, Sydney Airport soars, Airtasker rises

Why Australian Ethical, Clinuvel, Liontown Resources, & Tabcorp shares are dropping

The Australian Ethical (ASX:AEF) share price lower despite positive earnings guidance

Motley Fool contributor Nikhil Gangaram owns shares of Australian Ethical Investment Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Australian Ethical Investment Ltd. The Motley Fool Australia has recommended Australian Ethical Investment Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!