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Showing 71 - 80 of 229 results for %22Magellan Financial%22

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
... 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 and ...

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. ...

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 ...

FinClear to acquire BNY subsidiary

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
... FinClear's capital position following the acquisition is strong, supported by the $20 million raised from the Magellan Financial Group when it joined the share register as a strategic investor last October. "We have the capital, the systems, technology ...

Magellan retirement product nears launch

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
... retirement income product FuturePay will launch on June 1, the company said in this morning's ASX filings. Magellan Financial Group has been working on its retirement product since at least 2017. It has now scheduled a June 1 briefing for the retirement ...

Investment Leadership Awards finalists named

JAMIE WILLIAMSON  |  MONDAY, 17 MAY 2021
... Global Equity Fund International Equities - High Performance C Worldwide - BNP Paribas C WorldWide Global Equity Trust Magellan Asset Management - Magellan Global Fund Nikko AM - Nikko AM Global Share Fund Pengana Capital - Pengana International Fund ...

The other side of the ETP growth story

ELIZABETH MCARTHUR  |  WEDNESDAY, 5 MAY 2021
... continuously, rather there is likely to be a "step event" which changes the market dramatically. Dyall then compared Magellan and Vanguard in terms of net flows. He noted that both have "steady drumbeats" of positive flows into the ETP market. The number ...