Australian Ethical Investment Limited has announced a net profit after tax (NPAT) of $0.487 million for the 6 months to 31 December 2012 (FY13). This represents an increase of 71% over the prior corresponding period. Commenting on the result, Phil Vernon, Managing Director of Australian Ethical said, “We have been working hard over the past [...]
continue readingAustralian Ethical Super won the Rising Star award at SuperRatings Fund of the Year awards in Melbourne last week. The award recognises Australian Ethical’s significant product changes that have benefited its members, including removing up-front fees and improving insurance. SuperRatings CEO Nathan MacPhee said, “Australian Ethical was awarded our Rising Star award due to its significantly [...]
continue readingAustralian Ethical likes Utilities such as Envestra and Duet for their stable cash flows and is increasing holdings in REITS such as Stockland and Mirvac. It believes high yield of banks are risky given their exposure to domestic economy. “We have seen the share prices of larger defensive businesses like Telstra, CSL and Ramsay Healthcare rise strongly [...]
continue readingAustralian Ethical Investment Limited (AEI) shareholders have voted to reject all resolutions put to a general meeting called by a small group of dissident shareholders. All 10 resolutions were rejected by comfortable margins. AEI Chairman, Andre Morony welcomed the vote and the outcome. “A small group of shareholders mounted what could politely be called [...]
continue readingAustralian Ethical reports that only four of the stocks held in its domestic equity portfolios (including its Superannuation fund) will be directly impacted by the carbon price legislation, due to start from 1 July 2012. “We are not that surprised that our exposure to a price on carbon is so low. Australian Ethical avoids coal [...]
continue readingFund manager and superannuation provider, Australian Ethical Investment, has appointed Steve Newnham as its new Executive Director, Business Development. “Steve has been a director of Australian Ethical for the past 12 months and has made an enormous contribution to the business. He has an extraordinary track record in our industry and his greater involvement with [...]
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