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Showing 11 - 20 of 35 results for "MFG"

Magellan's largest client asked to review costs

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
... manager fees may get caught up in a broader cost review and there could be some downward pressure placed on the fee rates MFG receives. Given the long standing relationship with SJP and MFG's strong fund performance we view this risk as minimal at ...

Magellan chief backs health startup

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
... including variable remuneration of $772,500, which he was eligible for but waived. At July 28, he owned 1.1 million shares in MFG and units in Magellan-owned funds. "I've invested my own money for some time as well...So I've got a range of stocks ...

Another MLC advice firm exits group

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... advisers will find the freedom and support to run their business their way at FYG." Mancell founded Mancell Financial Group (MFG) in February 1980, initially aligned to MLC until it left to operate independently. The firm is a founding member of the ...

Credit Suisse names preferred investment options

ELIZA BAVIN  |  TUESDAY, 8 SEP 2020
... quarter and early signs indicated this continued into the September quarter. "The exception to this is Magellan Financial Group (MFG) who continue to attract strong inflows," it said. "Weak markets in the last half generally resulted in a deterioration ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... Chi-X (so far its ETFs use ASX as the primary listing venue) by the end of the year. The inaugural set of three includes the MFG Core International Fund, MFG Core ESG Fund and the MFG Core Infrastructure Fund - all for 50bps a year, which is almost half ...

Magellan to restructure retail global equities funds

KANIKA SOOD  |  MONDAY, 3 AUG 2020
... 7.5% discount to the NAV on a future date, when they make the purchase. MGE traded at 2.7% discount to the NAV as at May 29. MFG will pay the costs of the restructure out of the company's resources including undrawn debt. "We believe that combining ...

Fund manager outflows spread into June quarter

KANIKA SOOD  |  THURSDAY, 23 JUL 2020
... industrial ex banks)," Macquarie analyst Brendan Carrig said in a July 22 note. Macquarie has moved Magellan Financial Group (MFG) to "underperform" from neutral. "MFG's performance and flows continue to drive its premium multiple, but at ~25x 1yr ...

Madison sale confirmed

JAMIE WILLIAMSON, KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... operation, Clime has built trust by distilling complexity into actionable insights for investors. We are looking forward to MFG's team being part of our group and supporting MFG's financial advisers with efficiency gains and growth solutions aligned ...

Clime courts Madison Financial Group

KANIKA SOOD  |  MONDAY, 11 MAY 2020
... confirms it is in discussions in relation to the acquisition of all of the shares in the Madison Financial Group of Companies (MFG)," Clime said in ASX filings this morning. "There is no certainty that the discussions will result in any definitive transaction," ...

Magellan cracks $100 billion

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... shorter-term performance. The swelling funds under management and robust returns have come with a good bottom line. Last year's, MFG reported NPAT of $377 million, up from $212 million last year. And Magellan's has had a few firsts on the way ...