Magellan Financial Group (ASX: $MFG) Funds Under Management Update

Magellan Financial Group Limited (ASX: $MFG) reported a net outflow of $0.7 billion in March 2024, comprising net retail outflows of $0.2 billion and net institutional outflows of $0.5 billion. The company's funds under management (FUM) update as at 28 March 2024 reflects approximate and rounded figures, and has not been audited.

Executive Commentary on March 2024 Funds Under Management

We have experienced net outflows of $0.7 billion in March, driven by net retail outflows of $0.2 billion and net institutional outflows of $0.5 billion. These outflows have impacted our funds under management. The figures provided are approximate and rounded, and have not been audited. We remain committed to managing our funds effectively and delivering long-term value to our investors.

Summary of Magellan Financial Group's Funds Under Management Update

Magellan Financial Group (ASX: $MFG) reported net outflows of $0.7 billion in March 2024, with net retail outflows of $0.2 billion and net institutional outflows of $0.5 billion. The company's funds under management (FUM) update as at 28 March 2024 reflects approximate and rounded figures, and has not been audited. Despite the outflows, Magellan remains dedicated to effectively managing its funds and creating value for its investors in the long term.