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.
Want to get exclusive insights into the star stock of the year? Gold stocks stood solid and ensured a safety net for investors.
Click now to access our report on Gold Stocks to understand how the rise in gold prices propelled the ASX-listed gold stocks, and many emerged as the star performer of the year.
Inside this report, you shall discover
How the price trends of gold have got it where it is With the rallying gold prices and the record-buying from Central Banks, the gold spot rose from $1,655.14 (low in December 2018) to $2,322.26 (high in August 2019). A promising return of over 40 percent was seen in the year 2019. Get exclusive insights into how the trends set the foundation for the performance and how Gold stocks seem to be a safe bet when you look back.
Which stocks you should have been looking at: Find out which stocks delivered promising returns to investors. Gold stocks such as Gold Road Resources Limited (ASX: GOR), Kirkland Lake Limited (ASX: KLA) Newcrest Mining Limited (ASX: NCM) delivered better returns against the S&P Commodity Producers Gold Total Return Index.