Australian Ethical Investment's Fiscal Q3 Funds Under Management Down 1%; Shares Fall 3%

MT Newswires Live

04-16

Australian Ethical Investment's (ASX:AEF) total funds under management (FUM) fell 1% to AU$13.1 billion in the fiscal third quarter from AU$13.26 billion in the December 2024 quarter, according to a Wednesday filing with the Australian bourse.

The decline comes amid heightened market volatility due to global trade tensions.

Investments FUM in the three months ended March 31 slipped quarter on quarter to AU$4.17 billion from AU$4.29 billion, while superannuation FUM slipped to AU$8.92 billion from AU$8.96 billion.

The company logged AU$60 million in net institutional outflows during the quarter.

Australian Ethical Investment's shares were down 3% in recent Wednesday trade.

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