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109.15
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38,797.51
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0.6617
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78.00
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2,163.90
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109.15
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17,093.50
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39,023.71
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38,797.51
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7,747.81
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71,640.19
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78.00
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Gold
2,163.90
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109.15
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17,093.50
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39,023.71
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109.15
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Australian Ethical (ASX: $AEF) reports record fum

Australian Ethical's Record FUM Announcement


Australian Ethical (ASX: $AEF) has reported a record Funds Under Management (FUM) of $9.67 billion for the quarter ending 31 December 2023. The achievement was underpinned by further customer growth, positive net inflows, and solid investment performance.

Executive Commentary on Record FUM


Australian Ethical is delighted to report yet another high-water mark with funds under management reaching a new record high of $9.67 billion. Further customer growth, another quarter of positive net flows, and solid investment performance underpinned the result. This impressive result has been achieved despite the continued challenging conditions impacting the broader market, with our superannuation product set providing diversification to our growth in these volatile conditions. With more than 10 years of consecutive positive quarterly net inflows, Australian Ethical continues to deliver strong and consistent business growth, through different market cycles. Our strategic transformation plan has meant the company continues to move from strength to strength, supported by strong headline growth, increased scale, and improving underlying operating leverage. The consistent and continued business growth we are delivering reflects the growing consumer demand for our style of investing and the quality of our business model and delivery.

Summary of Australian Ethical's FUM Announcement


Australian Ethical has achieved a significant milestone with a record Funds Under Management (FUM) of $9.67 billion, driven by positive net flows and solid investment performance. The company's superannuation product set provided diversification in volatile market conditions, contributing to the impressive result. With over 10 years of consecutive positive quarterly net inflows, Australian Ethical continues to demonstrate strong and consistent business growth. The company's strategic transformation plan has led to increased scale and improving underlying operating leverage, reflecting the growing consumer demand for their style of investing and the quality of their business model and delivery. Australian Ethical's half-year results announcement on 23 February 2024 is anticipated to provide further insights into their performance and outlook.

Sourcehttps://announcements.asx.com.au/asxpdf/20240118/pdf/05zjj3jp17s5qg.pdf

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