Australian Ethical funds under management dip to $14.43B
Full story: https://grafa.com/en/news/australia/australian-ethical-funds-under-management-dip-to-14-43b
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Australian Ethical total FUM slipped to $14.43 billion as wholesale redemptions offset positive superannuation net flows.
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The company's share price traded up at $4.18 following the announcement.
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Management continues expanding its middle-market offering to drive long-term value for customers and shareholders.
Australian Ethical Investment (ASX:AEF) reported funds under management of $14.43 billion for the quarter ended Sept. 30, down slightly from $14.50 billion at the end of FY26.
The slight decline came as wholesale redemptions and market conditions offset $0.13 billion in positive superannuation net flows.
"The first quarter demonstrated the continued momentum and resilience of our business," said Australian Ethical Investment Managing Director John McMurdo.
Superannuation FUM rose to $10.53 billion from $10.40 billion as of June 30, while overall investment net flows recorded a negative $0.10 billion.
The business also launched the Australian Ethical Balanced Income Fund to advance its growth strategy in the wholesale middle-market channel.
Following the announcement, the Australian Ethical Investment share price was up at $4.18.
The fund manager continues to target expansion in the values-aligned middle-market sector through dedicated products for foundations and non-profit organisations.
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