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Company News Summary

Magellan Financial Group Provides Funds Under Management (FUM) and Performance Fee Update

08 Jan 2019  |  09:50:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Funds Under Management - December 2018

Magellan Financial Group experienced net inflows of $41m, which included net retail inflows of $90m and net institutional outflows of $49m. The Company funds will pay distributions (net of reinvestment) of $54m in January 2019. It is entitled to performance fees of $42m for the six months ended 31 December 2018. Performance fees (if any) may fluctuate from period to period. Average FUM for the six months ended 31 December 2018 was $72,073m.

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