ÖKOWORLD (ÖWAG) continues to expand its assets under management (AUM), reaching €3.1bn at end-April 2021 versus €1.7bn a year earlier. The increase was attributable to the robust fund performance in 2020 and 2021 ytd to end-April as well as the successful distribution of new units. Consequently, in FY20 the group reported a €26.7m and €10.6m y-o-y increase in performance and management fee, respectively. As a result, net profit in FY20 grew to €37.4m (vs €16.7m in FY19), allowing the company to declare a record-high dividend of €1.11 per non-voting preference share.
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02 Jun 2021
Oekoworld - Expanding AUM drives record high earnings
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Oekoworld - Expanding AUM drives record high earnings
ÖKOWORLD (ÖWAG) continues to expand its assets under management (AUM), reaching €3.1bn at end-April 2021 versus €1.7bn a year earlier. The increase was attributable to the robust fund performance in 2020 and 2021 ytd to end-April as well as the successful distribution of new units. Consequently, in FY20 the group reported a €26.7m and €10.6m y-o-y increase in performance and management fee, respectively. As a result, net profit in FY20 grew to €37.4m (vs €16.7m in FY19), allowing the company to declare a record-high dividend of €1.11 per non-voting preference share.