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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an announcement.
Magellan Financial Group Ltd reported a decrease in funds under management (FUM) by $0.5 billion, from $39.1 billion in November to $38.6 billion by the end of December 2024, due to net outflows in both retail and institutional segments. The company also announced an estimated performance fee increase to $6 million for the six months ending December 2024, reflecting improved performance, which may impact future financial results and stakeholder expectations.
More about Magellan Financial Group Ltd
Magellan Financial Group Ltd is an Australian-based financial services company, primarily focused on managing funds across retail and institutional sectors. It offers investment management services, specializing in global equities, infrastructure equities, and Australian equities.
YTD Price Performance: -4.58%
Average Trading Volume: 836
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.13B
For an in-depth examination of MFG stock, go to TipRanks’ Stock Analysis page.
