Magellan Financial Group Ltd (ASX:MFG) Announces Funds Under Management Update
Funds Under Management
Magellan Financial Group Ltd reported total funds under management of A$39.1 billion as of 31 January 2025, up from A$38.6 billion the previous year. Retail funds slightly decreased to A$16.0 billion, while institutional funds increased to A$23.1 billion.
Investment Allocation
The group maintained its global equities at A$14.5 billion and saw infrastructure equities grow to A$16.7 billion. Australian equities rose to A$7.9 billion. The AUD/USD exchange rate improved to 0.62375 from 0.61915.
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