AEF 2.72% $4.15 australian ethical investment limited

AEF - Back on the up?, page-61

  1. 2 Posts.
    When comparing to other fund managers remember it is primarily a superannuation fund with relatively young members. Average balances will only grow over time and there are regular quarterly SG contributions meaning certain reliable inflows. Their managed funds business is also primarily retail which is stickier than institutional. Peers they are often compared to don't have super and have large amounts of institutional which means more volatile FUM and lower margin revenue. Re: price, if you ignore the blip of the last few years it is back to a reasonable alignment with the long term trend.
 
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