Australian Ethical Q1 FUM at $14.43 Billion, Super Flows Up

Australian Ethical (ASX:AEF) reported its September quarter funds under management, which eased slightly as investment outflows and market movements outweighed positive superannuation net flows.

FUM was $14.43 billion at 30 September 2026, compared to $14.50 billion at the end of FY26. Superannuation delivered net flows of $0.13 billion, which the company says were higher than in the corresponding quarter last year and supported by member growth, lifting superannuation FUM from $10.40 billion to $10.53 billion. Investments recorded net flows of negative $0.10 billion as inflows from new products and client wins were offset by redemptions. An institutional client's capital management activities produced a further negative $0.04 billion movement, and market and other movements were negative $0.07 billion, leaving investments FUM at $3.90 billion. During the quarter the company launched the Australian Ethical Balanced Income Fund, with the Reichstein Foundation as a founding investor, aimed at foundations, not-for-profits and other values-aligned wholesale investors.

The update contains no revenue, earnings or fee margin figures, and does not state the size of the founding investment in the new fund or the number of superannuation members.