Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 332 results for "Magellan"

Magellan director steps down

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
A long standing non-executive director at Magellan Financial Group has announced his retirement from the board. Paul Lewis first joined the board in 2006 and was also chair of the remuneration and nominations committee and a member of the audit and ...

ETFs hit $125bn milestone

KARREN VERGARA  |  THURSDAY, 9 SEP 2021
... equity ETFs had over $1.4 billion of inflows, while Aussie equity ETFs recorded $544 million of inflows. During the month, Magellan, ETF Securities and Van Eck each launched a new fund. Overall, Magellan's Global Fund Open Class ($14.7bn) was the largest ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
Magellan Financial Group will start paying taxes at the full 30% rate from FY24, as the government abolishes laws that allowed it to pay only 10% tax on offshore earnings. MFG paid tax at 21.4% in the year ending June, lower than the 30% tax rate that ...

Magellan profits dip

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
Magellan Financial Group reported a 33% drop in its net profit after tax to $265.2 million in FY21, as its performance fee revenue slid 63% and recent investments drew a loss of $41.8 million. MFG ended FY21 with $103.7 billion in average funds under ...

Top franked stock picks: Morningstar

ELIZABETH MCARTHUR  |  FRIDAY, 6 AUG 2021
... equities for income. The stocks are Aurizon Holdings, Perpetual, Link Group, GWA Group, Westpac, APA Group, Telstra, Magellan Financial, Dexus and Medibank Private. Aurizon Holdings, Morningstar said, is trading at a 20% discount to our fair value estimate ...

Only one quarter of ETP growth from performance

ELIZABETH MCARTHUR  |  TUESDAY, 3 AUG 2021
... of total net flows - and three new active ETPs launched during the period. Those were the Monash Absolute Return Fund, Magellan FuturePay and Coolabah Active Composite Bond Fund. Smart beta and investment theme products saw a 30% increase in flows to ...

VanEck launches active ETF with Sydney boutique

KANIKA SOOD  |  MONDAY, 12 JUL 2021
... to locally issued hybrids." So far, local fund managers looking to launch ETFs have either done it in-house (such as Magellan and Platinum) or via an ETF issuer, primarily BetaShares. GCAP is VanEck's first active ETF partnership with an external manager. ...

VanEck opens Perth office

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... has a 7% share. It is outpaced by Vanguard ($30.5 billion), BlackRock ($21.5 billion), BetaShares (about $17 billion), Magellan ($15.3 billion) and State Street ($7.9 billion) in ASX-listed ETFs. Global equities were the largest asset class, with nearly ...

Outflows at Magellan

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
Magellan Financial Group reported $351 million in net outflows in the June quarter. This included $260 million in net retail outflows and $91 million in net institutional outflows. Magellan ended the June quarter with $113.9 billion in total FUM, up ...

Stake taps FinClear for ASX offering

ELIZABETH MCARTHUR  |  FRIDAY, 25 JUN 2021
Magellan-backed FinClear has been selected by Stake for trading, execution and clearing services as it moves into Aussie equities. Commission-free digital brokerage platform Stake recently announced it will add Australian equities to its platform, after ...