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Showing 71 - 80 of 411 results for "Magellan"

Magellan fund to launch as active ETF

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... convert the fund from a closed-class unit to an open-class structure. The conversion became effective on July 11 when Magellan Asset Management in its capacity as responsible entity amended the fund's constitution. This means MGF will be removed ...

Australian ETF industry blazes past $200bn

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
... active ETF providers. Nevertheless, active ETFs saw cumulative net outflows, mainly due to large withdrawals from one Magellan ETF. "The Australian ETF industry continues to expand as the growing range of ETFs is allowing investors and their financial ...

Ausbil reshuffles distribution team

ELIZABETH FRY  |  FRIDAY, 5 JUL 2024
... institutional sales lead Adrian Amores will run both wholesale and institutional distribution. Amores - who joined from Magellan Asset Management about 10 months ago - will appoint a specialist to manage research houses, independent consultants and platforms ...

Bennelong takes on fledgling boutique

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2024
Two former Magellan portfolio managers have set up a new boutique and joined forces with Bennelong Funds Management to launch a global small and mid-cap strategy. Canopy Investors was established in February 2023 by Kris Webster and Michael Poulsen ...

Betashares captures most net flows in managed funds industry

ANDREW MCKEAN  |  TUESDAY, 18 JUN 2024
... Management, MA Financial, Talaria Asset Management, Yarra Capital, Western Asset Management, and super fund investor ISPT. Magellan experienced the most dramatic outflows, bleeding $3.9 billion from its managed funds, resulting in a 24% net loss of FUM. ...

Magellan advances MGF conversion to open class

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
Magellan Asset Management will go ahead with converting its Global Fund (ASX: MGF) into an open class structure. As the fund's responsible entity, Magellan Asset Management has advanced the conversion process since it was flagged in October of last ...

Rahmani takes up post at Magellan

KARREN VERGARA  |  MONDAY, 13 MAY 2024
Sophia Rahmani officially took over as managing director of Magellan Asset Management as of today. As announced in February, Rahmani will step into the role of chief executive in 12 months' time. As managing director, Rahmani oversees all aspects ...

Magellan bleeds another $1bn

ANDREW MCKEAN  |  TUESDAY, 7 MAY 2024
Magellan Financial Group has seen a drop of $1 billion in funds under management (FUM) in April, according to its latest monthly update on the ASX. Magellan's FUM now stands at $36.3 billion. The fund manager reported that its net flows were flat, consisting ...

GQG and Magellan see FUM growth

ELIZA BAVIN  |  FRIDAY, 5 APR 2024
Both GQG Partners and Magellan Financial Group reported higher funds under management (FUM) today, but one has seen significantly more growth than the other. Magellan reported total FUM of $37.3 billion as at March 28, up from $37.2 billion on February ...

Demand for ETFs set to persevere

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
... "Flows improved at Challenger, GQG, Pinnacle, and Insignia, given robust performance and/or diversified product offerings. Magellan and Platinum face further redemptions, given weaker performance. It's likely a zero-sum world for traditional active managers," ...