I don't disagree with you there. MFG is a great company and I invest heavily with them and their products (much more than AEF). MFG dwarfs AEF in terms of size and are way more progressed on the growth timescale so I'm happy to achieve stable 10%+ returns with them. I don't really see MFG going parabolic again anytime soon, although I'd be very happy if they did.
However, AEF are at a critical crossroads and the next 5-10 years should be huge for ethical investing. Take ETHI for example - started as a ~$200M Fund and is now $7.5B over the course of 3 years with one of the top returns of any fund. If AEF can sustain their current growth trajectory and hit critical mass of clients/economies of scale/reduce cost base then there is no reason why this shouldn't be a multi-billion company in 5+ years. At the end of the day it's a small cap play - I wouldn't bet the house on it but the fundamentals and performance are excellent.
MFG data
My 2 cents... DYOR
AEF Price at posting:
$4.59 Sentiment: Buy Disclosure: Held
