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Showing 21 - 30 of 332 results for %22Magellan%22

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... previously mutually beneficial corporate deals. Other managers that lost significant amounts in their unit trusts were Magellan ($5.5bn), Ardea ($3.5bn) and Platinum ($2.7bn) because of disappointing performance. Vanguard lost $3.1 billion from its unit ...

Magellan's FUM falls again

CHLOE WALKER  |  THURSDAY, 6 JUL 2023
Magellan Financial Group has taken yet another blow to its funds under management (FUM), falling $1.7 billion during the month of June. Magellan's FUM now sits at $39.7 billion. It experienced net outflows of $2.1 billion in the month, which included ...

First Sentier clients walk away with $13bn

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... funds net flows reveals, making it the only fund manager to suffer double-digit outflows during the period. Together with Magellan Financial Group, which lost $6 billion, and Pendal Group which lost $5 billion, the trio accounted for $24 billion in negative ...

More misfortune for Magellan

CHLOE WALKER  |  THURSDAY, 4 MAY 2023
Once again, Magellan Financial Group has experienced a drop in its total funds under management (FUM), falling a further $0.5 billion. It saw net outflows of $2.4 billion, comprising net retail outflows of $0.4 billion and net institutional outflows ...

Wendy Norris quits Future Fund

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
... the resignation of the Future Fund's deputy chief investment officer for public markets David George, who moved to Magellan as chief executive. These departures led to the appointment of three deputy chief investment officers reporting to Raphael ...

ETF industry continues growth: Betashares

CASSANDRA BALDINI  |  MONDAY, 17 APR 2023
... report highlighted the top three ETF products by market cap in March were the Vanguard Australian Shares Index ETF, the Magellan Global Fund (Open Class) and the Vanguard MSCI Index International Shares ETF. The reported ETF growth aligns with recent ...

Magellan FUM continues backwards slide

CHLOE WALKER  |  WEDNESDAY, 5 APR 2023
Magellan Financial Group has taken yet another hit to its funds under management, falling $2.2 billion to $43.2 billion during the month of March. Magellan saw net outflows of $3.9 billion, which included net retail outflows of $0.5 billion and net ...

Outflows, M&A batter active managers

KARREN VERGARA  |  THURSDAY, 30 MAR 2023
... sector has flipped investor and analyst sentiment. This time last year, Morningstar was confident that listed managers Magellan, Pinnacle and Platinum would overcome sporadic market selloffs and the "short-term noise". Magellan's troubles, for example ...

FICAP names new charity partner

JAMIE WILLIAMSON  |  MONDAY, 20 MAR 2023
... for a variety of charities. Sponsors include BlackRock, Challenger, MLC, BT, First Sentier Investors, Fidelity, KPMG, Magellan, and Schroders. Financial Standard is the official media partner of FICAP.

Active fund managers historically underperform: SPIVA

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
... significant earnings shortfall in the event of a major fall in equity markets," Morningstar wrote. Many fund managers like Magellan are in good financial health, hold ample cash and have little to no debt. Yet this may not be enough to shield it from ...