Magellan Financial Group Shows Signs of Growth

Magellan Financial Group Ltd (AU:MFG) has released an update.

Magellan Financial Group Ltd reports significant progress in restoring business stability and sees early signs of growth in its funds under management, which reached $38 billion by September 2024. The company’s strong investment performance generated over $19 million in performance fees, driven by a 15% return in their Global Equities strategy. Client engagement has improved, and the company is focused on sustaining long-term excellence in its investment strategies.

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