Australian Ethical Investment Limited (ASX: AEF) signed a binding agreement to acquire Altius Asset Management from Australian Unity. This strategic acquisition will significantly boost Australian Ethical's funds under management by approximately AU$2 billion, propelling it from AU$10.3 billion to around AU$12.3 billion, marking an impressive 19% increase. The combined expertise of Australian Ethical and Altius in fixed income will result in a powerhouse team of seven, an expanded bond fund portfolio, and Australian Unity emerging as one of Australian Ethical's vital institutional clients.
This acquisition perfectly aligns with Australian Ethical's vision to tap into the growing potential of responsible investing and to offer enhanced ethical investment opportunities to fund members and investors super alike. Transactions of this nature contribute to the momentum of Australian Ethical as a purpose-driven business, enabling it to deliver robust investment returns while driving progress towards a better future for people, animals, and the planet.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
