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Showing 1 - 8 of 8 results for %22Magellan FuturePay%22

Magellan needs more consistent progress: Morningstar

ANDREW MCKEAN  |  MONDAY, 19 FEB 2024
... endeavour was met with success, as illustrated by the discontinuation of the briefly offered retirement solution, Magellan FuturePay, in July 2022. The firm is actively seeking solutions for the persistent NTA discount on the Magellan Global closed class ...

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
Morningstar cut its fair value estimate for narrow-moat Magellan Financial Group by 25% to $38 per share, after the fund manager lost a major mandate. That's according to a note from analyst Shaun Ler, who said the impact of St James' Place (SJP) cutting ...

Magellan chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 7 DEC 2021
The chief executive of Magellan, Brett Cairns, has resigned for personal reasons. The fund manager's chief financial officer Kristen Morton is stepping in as interim chief executive. Morton has been chief financial officer at Magellan for more than ...

Top franked stock picks: Morningstar

ELIZABETH MCARTHUR  |  FRIDAY, 6 AUG 2021
... equities 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 ...

Only one quarter of ETP growth from performance

ELIZABETH MCARTHUR  |  TUESDAY, 3 AUG 2021
... 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 $1.1 billion ...

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 ...

Magellan launches FuturePay

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
Magellan has launched its much-anticipated retirement income product today with a pay cheque replacement, having first flagged the idea back in 2017. FuturePay is an actively managed fund available on Chi-X from Wednesday and in an unlisted vehicle ...

Magellan retirement product nears launch

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
... retirement income focused product but did not provide further detail. "We are pleased to announce the launch of Magellan FuturePay. We believe it will help address the challenges faced by many investors and the challenges faced by many investors and ...
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