Magellan Financial Group's Funds Under Management Steady at AU$38 Billion in October

MT Newswires Live

2024/11/06

Magellan Financial Group's (ASX:MFG) funds under management were unchanged at AU$38 billion between October and September, according to a Wednesday filing with the Australian bourse.

Retail funds accounted for AU$15.7 billion, while institutional funds made up AU$22.3 billion.

In October, Magellan logged net outflows of AU$300 million, which comprised net retail outflows of AU$200 million and net institutional outflows of AU$100 million, the filing stated.

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