Magellan Financial Says Magellan Asset Management Posts Lower June-End Total Assets Under Management
MT Newswires Live
Jul 08
Magellan Financial Group (ASX:MFG) reported that Magellan Asset Management's total assets under management (AUM) came in at AU$36.7 billion as of June 30, compared with AU$37.5 billion as of March 31, according to a Wednesday Australian bourse filing.
Total net outflows stood at AU$2.5 billion, the filing said.
Total retail AUM was AU$12.5 billion as of June 30 versus AU$14.1 billion as of the end of March, and institutional AUM clocked in at AU$24.2 billion versus AU$23.4 billion over the same period.
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