Aust Ethical generates record FUM
The decision to build out its investment team and diversify asset classes has paid dividends for Australian Ethical which has reported a strong end to the financial year generating record high funds under management (FUM) of $14.5 billion.
In an update filed with the Australian Securities Exchange (ASX), Australian Ethical managing director, John McMurdo said the flows into superannuation and new product innovation in the asset management business had allowed it to finish the financial year strongly.
“The decision to build out our investment team and diversify asset classes over recent years was rewarded in what has been a challenging year for many fund managers,” McMurdo said.
The Australian Ethical update noted superannuation net flows of $196 million supported by strong end of financial year contributions, rollover activity and growing superannuation guarantee contributions.
It said that following the final transition of members to the GROW platform, reactivation of the employment platform acquisition channel and improving digital marketing performance, new member momentum had lifted in the second half.
On the investment front it said that following the March 2026 launch of the Australian Ethical Growth Opportunities Fund, the CEFC’s $125 million investment contributed strongly to flows in the asset management business.
It said these inflows had “provided a degree of resilience against the anticipated higher-than-usual redemptions in advised and direct channels during a period of market volatility”.
The company said positive organic net flows had been maintained through FY26 largely supported by superannuation guarantee contributions and rollovers.
It said that for the full year, Australian Ethical recorded positive retail and wholesale net flows of $491 million and institutional net flows of $173 million, partially offset by previously disclosed inorganic institutional outflow associated with the Australian Unity Bank mandate
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