Oekoworld - Solid AUM expansion in FY17
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.OEKOWORLD AG, formerly Versiko AG, is a Germany-based investment consulting company and funds operator that focuses on ecological investments. The Company serves both private customers and institutional investors, banks and other financial services provider. It offers the pension insurances Oekoviola, Versirente and Veresikid, as well as the investment funds Oekoworld Oekovision Classic, Oekoworld Growing Markets 2.0, Oekoworld Oekotrust, Oekoworld Klima, Oekolworld Water For Life, Oekovision Garant 20 and New Energy Fund. The Company conducts sustainability research in order to identify potential investment possibilities and asset and fund management through OEKOWORLD LUX SA, a Luxembourg-based subsidiary.
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