ASX Announcement

ASX Code: AEF

Australian Ethical Investment

25 January 2017

Funds under Management and Net Flows 30 September to 31 December 2016

Australian Ethical increased funds under management (FUM) by 7.5% to $1,841.0 million for the quarter ended 31 December 2016, up from $1,712.3 million reported for the quarter ended

30 September 2016.

FUM and flows by product for the three months to 31 December 2016 were as follows:

Product Category

FUM

Sep 16

Net Flows

Market & Other*

FUM

Dec 16

($m)

($m)

($m)

($m)

Managed Funds

545.1

28.7

8.7

582.5

Superannuation

1,167.2

77.1

14.2

1,258.5

All Products

1,712.3

105.8

22.9

1,841.0

* Includes changes in asset value due to market movements and net income.

Net flows continue to be strong. October 2016 was a record month with net flows of $39.5 million and November 2016 saw a record for new superannuation members of 989. The strong growth is attributed to strong investment performance, continued growing awareness of ethical investment and targeted marketing.

Update on unit pricing remediation

Since our Earnings Guidance of 8 November 2016 we have concluded the investigation into unit pricing errors in respect of our superannuation fund. No further material errors were identified. Remediation of member accounts is expected to be substantially complete by 31 March 2017.

About Australian Ethical

Australian Ethical is Australia's leading ethical wealth manager.

Since 1986, Australian Ethical has provided investors with wealth management products that align with their values and deliver strong returns. Investments are guided by the Australian Ethical Charter which shapes both our ethical approach and our culture and vision.

Visit: www.australianethical.com.au Media inquiries: Rebecca Piercy, Honner: 0422 916 422

Phone 02 8276 6288 Email enquiries@australianethical.com.au Web australianethical.com.au Post GPO Box Centre, GPO Box 8, Sydney NSW 2001 Australian Ethical Investment Ltd ABN 47 003 188 930 AFSL 229949

Phone 02 8276 6288 Email enquiries@australianethical.com.au Web australianethical.com.au Post GPO Box Centre, GPO Box 8, Sydney NSW 2001 Australian Ethical Investment Ltd ABN 47 003 188 930 AFSL 229949

Australian Ethical Investment Limited published this content on 25 January 2017 and is solely responsible for the information contained herein.
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