ESG Demand Helps Fund Manager’s Stock Outpace Aussie Peers
- Australian Ethical Investment’s stock has surged 58% this year
- Stock bests rivals as appetite for ESG investments increases
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The stock performance of an Australian fund manager that’s focused on ethical investments is trouncing its peers as ESG assets soar in popularity.
Australian Ethical Investment Ltd.’s stock price has jumped 58% so far in 2021, outperforming shares of other Australian asset managers such as Magellan Financial Group Ltd. and Platinum Asset Management Ltd. While those firms consider ESG issues or have sustainable investment options, Australian Ethical’s emphasis on socially-minded companies may have given its stock an edge over its rivals.