Edison Investment Research - Okoworld AG (VVV3) ÖKOWORLD - Rapid growth in scale

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Edison Investment Research

Pedro Fonseca

ÖKOWORLD - Rapid growth in scale

ÖKOWORLD (ÖWAG) is rapidly expanding its assets under management (AUM), predominantly by attracting new capital. Socially responsible investing (SRI) is gaining in popularity and the robust performance of ÖWAG’s five funds (one-year return in the 28.7–54.6% range) may appeal to investors. In H121, ÖWAG’s funds reported €577.7m of net capital inflow, which led to high management and performance fees (revenue up 229% y-o-y) and a net profit of €33.9m versus €8.5m in H120. AUM has continued to rise post the reporting date; at end-August it stood at €3.8bn, representing a further 10% increase since the end of H121.

01/10/2021 5 EN

Underlying

Okoworld AG

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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DE0005408686 Germany

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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ÖKOWORLD - Rapid growth in scale

Fondsperformance lässt AUM zum Halbjahr wachsen, Hj.-EPS bei € 1,93 (+7,4%)

Strategische Zukunftsinvestitionen angestoßen, attraktive Dividendenpolitik fortgesetzt

Kapitalmarktumfeld belastet, Konzernhalbjahresüberschuss leicht unter Vorjahr

Accsys Technologies - Upgrading guidance for the full year

Topps Tiles - Market outperformance again in FY24

Nabaltec - Resilience and margin expansion

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