Magellan reports $41m net inflows in December
Magellan Financial Group has reported net inflows of $41 million, which included net retail inflows industry of $90 million and net institutional outflows of $49 million.
Average funds under management (FUM) for the six months ending 31 December, 2018, stood at $72 million compared to $53.6 million a year before.
Magellan also said that its funds would pay distributions of approximately $54 million in January which would be reflected in the FUM figures next month.
The firm would be also entitled to performance fees of around $42 million for the six months to December, 2018.
AUTHOR
Oksana Patron
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