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FY22 in review

With Australia no longer in lockdown and international travel gathering pace, 2022 has seen many Australians embracing the return of our freedoms. However, markets are struggling to return to normal with an uncertain economic backdrop.

When markets are falling, it’s easy to become reactive and drift from established principles and processes in response to short-term market conditions. But having a singular focus on ethical investing, guided by our Ethical Charter, provides a stable lens through which to view the world. While our short-term performance has been impacted by market pressures, we remain committed to our ethical investment approach that has a long-term and strategic focus on the companies that have sustainable business models and contribute to a more positive future.

Many of the better performing ASX companies over the year were in the carbon-intensive resource sector which we are underweight. The current global surge in energy demand is delivering windfall profits for fossil fuel companies in the short-term, where we don’t invest. Meanwhile our long-term overweight to smaller innovative companies has detracted from recent returns. These earlier stage, small, growth-orientated companies have underperformed in the rising interest rate environment, although we remain confident in their long-term growth prospects.

We take comfort in our years of experience and long-term performance – like our flagship Australian Shares Fund (Wholesale), which is a top quartile performer over 3, 5 and 10 years1. Ours is an approach that has been tested over multiple cycles, including the GFC and COVID - and despite current volatility we remain focused on our contribution to a more positive future, together with opportunities to invest wisely for the long-term.

Market & economic update

Market & economic update

Financial years 2020, 2021 and 2022 each proved to be volatile years for markets. And whilst many Australians are embracing their freedoms again in 2022, markets have struggled to address a return to normality.

Domestic equities:  A focus on fundamentals

Domestic equities: A focus on fundamentals

Head of Domestic Equities, Mike Murray, outlines our approach to managing portfolios against short-term headwinds, and how we continue to identify new opportunities based on our fundamental investment process.

1 Mercer Investment Performance Survey of Wholesale – Equity – Australia – All Cap (Core) (Actual Ranking) as at 30 June 2022. Past performance is not an indicator of future performance. Australian Ethical offers a diverse range of super options and managed funds depending on your investment objective, timeframe and risk profile. See other options for super performance and managed funds performance.

Managed Fund monthly updates

Our monthly fund reports provide investors with a quick snapshot of each of our managed funds, including investment objectives, up-to-date total performance, performance against benchmark, fees and distribution information and more.

Monthly reports


Australian Ethical acknowledges the Traditional Owners of the country on which we work, the Gadigal people of the Eora Nation, and recognise and celebrate their continuing connection to land, waters and culture. We pay our respects to Elders past, present and emerging and thank them for protecting Country since time immemorial.