Magellan suffers $1bn in outflows, launches new fund
Magellan Financial Group’s assets under management (AUM) enjoyed a rise in April despite experiencing $1 billion in net outflows.
In its monthly update, the investment manager saw its AUM rise 2.7 per cent from $37.5 billion in March to $38.5 billion as of 30 April 2025.
This was despite suffering net outflows of $1 billion during the month, including net retail outflows of $0.1 billion and net institutional outflows of $0.9 billion. The net outflows were nearly double what it saw in the previous month ($0.6 billion).
Against these outflows, Magellan’s retail AUM still increased from $14.9 billion to $16.2 billion in April. Its institutional AUM saw a slight decrease, however, from $22.6 billion to $22.3 billion.
Looking at individual asset classes, global equities experienced a minor fall from $13.4 billion to $13 billion, while infrastructure equities also declined from $16.9 billion to $16.6 billion.
Meanwhile, Australian equities was the only asset class to enjoy a rise from $7.2 billion to $7.5 billion.
“Also included in April’s AUM total is $1.4 billion of retail AUM which is the result of Magellan Asset Management Limited becoming the responsible entity of the Vinva Global Alpha Extension Fund, which took effect on 17 April 2025,” the company also confirmed.
“This is the fourth systematic equity fund offered in connection with MFG’s strategic partnership with Vinva Investment Management.”
Magellan first announced its strategic partnership with Vinva in August last year at its FY24 results, with Magellan acquiring a 29.5 per cent stake in parent company Vinva Holdings. Magellan said at the time that the two firms intended to collaborate on new product initiatives in Australia and globally.
Vinva manages active systematic equity strategies across Australian and global equity markets, having been founded in 2010 by Morry Waked.
Later in October, Magellan launched its first two funds as a result of the partnership: the Vinva Australian Equity Fund and the Vinva Global Equity Fund, both of which are long-only systematic equity strategies.
A third fund – the Vinva Australian Alpha Extension Fund – is a 130:30 long-short strategy that was launched in December.
AUTHOR
Jasmine Siljic
Recommended for you
With active players closing funds and struggling to hold their own against passive players, recruiters have debated whether there is still a hiring market out there for active managers?
Perennial Partners has acquired a majority stake in Melior Investment Management which will see it take over management of the Melior Australian Impact Fund.
BlackRock has opted to reduce exposure to Australian equities in its model portfolios, taking profits after strong ASX performance year-to-date.
Betashares is preparing to enter the private asset space, with the ETF provider set to unveil plans to roll out a suite of unlisted funds starting with a US private credit offering.
