Magellan Financial Group Limited (ASX: MFG) recorded net outflows of AU$2.6 billion, which comprised net retail outflows of AU$0.6 billion and net institutional outflows of AU$2.0 billion. The company will pay distributions of around AU$0.3 billion in January.
MFG’s Average fund under management for the six months ended 31 December 2022 was AU$53.8 billion compared to AU$112.7 billion for the six months ended 31 December 2021.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
