Magellan Financial Group (ASX:MFG) total assets under management (AUM) rose to AU$39.3 billion in May from AU$38.5 billion in April, according to a Thursday filing with the Australian bourse.
Retail AUM inched up to AU$16.7 billion from AU$15.2 billion, while institutional AUM rose to AU$22.6 billion from AU$22.3 billion, the filing said.
Magellan Financial posted net outflows of AU$400 million, which included net retail outflows of AU$200 million and net institutional outflows of AU$200 million.
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