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Showing 111 - 120 of 332 results for "Magellan"

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
Magellan reported a small increase in its net profits, despite a 70% drop in performance fees and a stronger Australian dollar. Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total ...

What to expect from February reporting season

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... reporting next week, with Challenger and Macquarie slated for Feb 9, Commonwealth Bank for the February 10 and AMP, ASX and Magellan for February 11. Financial stocks' 12-month forward PE is 16.7x, which is higher than long-term average for the sector ...

Better inflows ahead for Perpetual, Pendal: MS

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... should improve this year, Morgan Stanley analysts said in a note on Australian asset managers, which has Platinum and Magellan at underweight. Morgan Stanley said asset managers are trading at group average 12-month forward consensus P/E of about 16x ...

Charity LIC chief executive to depart

KANIKA SOOD  |  WEDNESDAY, 27 JAN 2021
... $69.6 million in annualised fees since inception, returned 1.9% better than its benchmark over the period. Caledonia, Magellan and Cooper Investors together manage about a third of the LIC's assets.

Volatility ahead for Magellan shareholders: Morgan Stanley

KANIKA SOOD  |  THURSDAY, 21 JAN 2021
Magellan Financial Group's shares could be more volatile in the years ahead versus its 31% earnings in CAGR over the past three years as it diversifies its business, according to Morgan Stanley. Magellan Financial Group in September 2020 took a 40% ...

Barrenjoey hires from Ord Minnett

KANIKA SOOD  |  WEDNESDAY, 20 JAN 2021
... worked as an analyst at Deloitte for about a year. At Ord Minnett he covered listed financials including fund managers Magellan, Platinum and Pinnacle and platforms including HUB24 and Netwealth. Barrenjoey is 40% owned by Barrenjoey and 9.99% owned ...

Magellan continues fund restructure

ANNABELLE DICKSON  |  MONDAY, 18 JAN 2021
Magellan Financial Group has progressed to the next step of the restructure of its retail global equities funds and opened the partnership offer to eligible investors. Magellan announced in August that it was seeking unitholder approval to combine the ...

LICs show sign of struggle

ANNABELLE DICKSON  |  WEDNESDAY, 16 DEC 2020
... broader investment managers that offer different products. The largest managers operating in the space are AICS, Argo and Magellan with $8.36 billion, $5.28 billion and $4.4 billion, respectively.

ETF industry revenues revealed

KANIKA SOOD  |  TUESDAY, 15 DEC 2020
... million and $34 million in revenue from ETFs for the period. Their share of total revenues was 18% and 16% respectively. Magellan took the fifth spot with an estimated fee revenue of $31.3 million in the year ending September, followed by VanEck ($17.1 ...

Magellan launches funds on Chi-X

ELIZA BAVIN  |  TUESDAY, 15 DEC 2020
Magellan Financial Group has launched its MFG Core Series and the Magellan Sustainable Fund on Chi-X. The MFG Core series includes three funds: the MFG Core International Fund, the MFG Core ESG Fund and the MFG Core Infrastructure Fund. Magellan said ...