Australian Ethical promises post-merger super fee reductions
Christian Super has now formally become part of Australian Ethical.
Australian Ethical announced to the Australian Securities Exchange that it had completed the successor fund transfer of Christian Super on 25 November.
Commenting on the move, Australian Ethical chief executive, John McMurdo said the firm was delighted to welcome more than 28,000 new members who wanted to investment ethically and looked forward to communicating the benefits of increased scale to all super fund members which would be passed on as fee reductions.
“Australian Ethical has undergone rapid transformation over the past three years and now stands at more than 110,000 investors and more than $8 billion in funds under management,” he said.
McMurdo said the increased scale achieved through the transfer would further grow Australian Ethical’s influence and impact as one of Australia’s leading pure-play ethical investment firms.
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