ÖKOWORLD (ÖWAG) recorded an upsurge in profits on the back of a healthy performance in managed funds (with its flagship Ökoworld Classic posting an 11.4% return in FY17) and growth in assets under management (AUM) to €1.08bn as at end December 2017. The increase in management and performance fees by €4.6m and €1.8m respectively resulted in 66% y-o-y EBIT growth in FY17. AUM have continued to grow in 2018 and reached c €1.13bn at end April 2018. However, continued weakness in equity markets will have a negative impact on ÖWAG’s performance fees.
