Magellan Financial Group Limited (ASX: $MFG) has released an update on its funds under management (FUM) as of April 30, 2024. In April, the net flows remained flat, consisting of net retail outflows of $0.2 billion and net institutional inflows of $0.2 billion.
The April net flows remained steady, with net retail outflows offset by net institutional inflows. We continue to focus on managing our funds effectively to deliver value to our investors. The figures are approximate and rounded, and have not been audited.
Magellan Financial Group Limited (ASX: $MFG) reported flat net flows in April, with net retail outflows of $0.2 billion and net institutional inflows of $0.2 billion. The company emphasized its commitment to effectively managing its funds to provide value to investors. The figures provided are approximate and rounded, and have not been audited. Magellan Financial Group remains focused on its strategic goals and delivering results for its stakeholders.