Magellan Financial Group's Assets Under Management Rise in June

MT Newswires Live

07/04

Magellan Financial Group (ASX:MFG) total assets under management (AUM) rose to AU$39.6 billion in June from AU$39.3 billion in May, according to a Friday filing with the Australian bourse.

Retail AUM inched up to AU$16.8 billion from AU$16.7 billion, while institutional AUM rose to AU$22.8 billion from AU$22.6 billion, the filing said.

Magellan Financial posted net retail outflows of AU$200 million, the filing added. Net institutional outflows were flat.

The company expects to earn about AU$11 million in performance fees for the fiscal year ended June 30.

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Net institutional outflows were flat.</p><p>The company expects to earn about AU$11 million in performance fees for the fiscal year ended June 30.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MFG.AU","symbol_name":"MAGELLAN FINANCIAL GROUP LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2548133565","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548133565","pubTimestamp":1751586983,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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