Alpha fund Managers picks Australian Ethical
Australian Ethical has announced it has received funds from multi-manager Alpha Fund Managers which has invested in its flagship fund, the Australian Shares Fund.
According to Alpha Fund Managers, the fund had been chosen due to its strong track record of outperformance and lower than market risk.
The Australian Shares Fund invests in Australian companies that meet the Australian Ethical Charter, with an aim to provide investors with long-term growth.
Australian Ethical’s managing director, Phil Vernon, said: “While other fund managers may be investing heavily in industries with an uncertain future, like coal, we’re making positive investments that benefit the planet, people and animals.
“We invest in sectors such as IT, healthcare and renewables.
“This, along with our bias to small cap stocks, means we have a different approach to many mainstream fund managers.”
AUTHOR
Oksana Patron
Recommended for you
Milford is to launch three funds following consultation with financial advisers while closing two other strategies which hold a small volume of assets.
A founding member of fund manager IML is to depart the firm later this year after 27 years.
Magellan Financial Group reported outflows of $0.5 billion in February but saw a slight increase in its infrastructure division despite the exit of head Gerald Stack.
The global investment manager has unveiled two new diversified ETFs on the ASX targeting the next generation of Australian investors.
