Australian Ethical Updates Earnings Guidance

  • Jul 07, 2020 AEST
  • Team Kalkine

Australian Ethical Investment (ASX:AEF) stated that its Emerging Companies Fund returned 13.9% after all fees for investors making investment greater than $25,000 for the financial year 2020 against its benchmark of negative 7.4%. Some highlights include:

  • A performance fee of $3.64 million was earned by AEF in its capacity as the Responsible Entity of the Fund
  • The Underlying Profit after Tax (UPAT) for the year ending 30 June 2020 is now expected to be between $9 million and $9.5 million
  • UPAT shall be a mid-point increase of 41% on the 12 months ended 30 June 2019.

The Australian Ethical Emerging Companies Fund has been very successful since it began in 2015, generating regular outperformance for investors.


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