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Magellan Shares Fall Sharply on Asset Slide, Outflows

Por: MarketWatch Business January 06, 2023

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The company's funds under management update for the end of December showed FUM of A$45.3 billion, nearly 10% lower than at end-November when it reported FUM of A$50.2 billion. Magellan said it had experienced net outflows of A$2.6 billion, and performance fees for the six months ended Dec. 31 weren't meaningful. Performance fees (if any) may fluctuate significantly from period to period, it said. In December, A$2 billion of outflows... + full article



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