Magellan Financial Group Shows Signs of Growth
Company Announcements

Magellan Financial Group Shows Signs of Growth

Magellan Financial Group Ltd (AU:MFG) has released an update.

Magellan Financial Group Ltd reports significant progress in restoring business stability and sees early signs of growth in its funds under management, which reached $38 billion by September 2024. The company’s strong investment performance generated over $19 million in performance fees, driven by a 15% return in their Global Equities strategy. Client engagement has improved, and the company is focused on sustaining long-term excellence in its investment strategies.

For further insights into AU:MFG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskMagellan Financial Announces Director Departure and Holdings
TipRanks Australian Auto-Generated NewsdeskMagellan Financial Group Boosts Stake in Nick Scali
TipRanks Australian Auto-Generated NewsdeskMagellan Financial Group Gains Strong Shareholder Support
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App