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Australian Ethical adds $2b in green investing boom

Aleks Vickovich
Aleks VickovichWealth editor

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Fund manager Australian Ethical grew its pool of assets by half over the year to June 30 as investors and superannuants frustrated by slow progress on climate action by governments voted with their wallets.

The ASX-listed superannuation and investment manager finished the financial year with $6.07 billion in funds under management, up from $4.05 billion in June 2020, representing growth of 50 per cent. Shares in Australian Ethical jumped 0.78 per cent to close at $8.08 per share on Thursday.

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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/australian-ethical-adds-2b-in-green-investing-boom-20210715-p58a43