Magellan Financial Group Ltd (ASX:MFG) has reported its funds under management (FUM) update as at 30 September 2024. The company experienced net outflows of $0.2 billion in September, which included net retail outflows of $0.2 billion, while net institutional flows remained flat.
We are providing an update on our funds under management as at 30 September 2024. In September, we saw net outflows of $0.2 billion, primarily driven by net retail outflows of the same amount. Net institutional flows remained unchanged. Please note that the funds under management figures are approximate, rounded, and have not been audited.
Magellan Financial Group Ltd (ASX:MFG) reported a net outflow of $0.2 billion in September, with net retail outflows contributing to this figure. Net institutional flows remained flat. The funds under management figures are approximate, rounded, and unaudited. The company continues to monitor and manage its funds under management to navigate market dynamics and investor sentiment.