Magellan Financial Group Ltd — Ongoing funds under management performance

Ongoing funds under management performance: Magellan Financial Group Ltd (ASX: MFG) stock delivered outstanding performance this year and rallied over 50.42% (as of December 08, 2015) during this year to date boosted by its strong funds under management performance. During November 2015, the group delivered net inflows of $130 million, including net retail inflows into Global Equities strategies of $203 million, and net institutional outflows of $89 million. Meanwhile, the total funds under management slightly decreased to $39,949 million during November 2015 as compared to $40,488 million in October 2015. But, Magellan Global Fund generated returns of 29.5%, after fees, during the twelve months to 30 June 2015, which is above the MSCI World Net Total Return Index (AUD) by 4.9%. Magellan Financial Group also entered into new agreements with AMP and BT/Westpac to launch new funds in their respective platforms replicating the Magellan Global Fund, similar to the Colonial First State Magellan Global Fund Option (CFS) on the Colonial First State Platform (operated by Commonwealth Bank). Magellan Financial Group also reported a strong FY15 financial performance wherein revenues improved to $255.9 million as compared to $139.1 million in the last fiscal year. To read the complete report click here

Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people.Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation.Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product.The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in: BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Copyright
Copyright © 2015 Kalkine Pty Ltd ABN 34 154 808 312. No part of this website, or its content, may be reproduced in any form without the prior consent of Kalkine Pty Ltd.
Kalkine is a trading name of Kalkine Pty Ltd ABN 34 154 808 312, which holds Australian Financial Services Licence No. 425376.