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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