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
The CEO of L1 Group, formerly known as Platinum Asset Management, has stepped down with immediate effect, and the asset manager has announced his replacement.
Private equity manager Scarcity Partners has backed a specialist investment manager focused on metals and mining, seeking to meet investor demand for real assets.
UK fund manager Aberdeen Investments has launched an emerging market equity strategy for Australian investors, broadening the reach of an existing strategy.
Passive ETFs are seeing stronger flows than their active counterparts despite the proliferation of active launches this year, according to Morningstar.
