Magellan Global Trust IPO Proceeds Drive Growth in Funds Under Management; AUD 27 FVE Unchanged
Narrow-moat Magellan Financial Group continues to deliver impressive operating performance, reporting a 2% increase in funds under management in the three months to Sept. 30, 2017 to AUD 51.6 billion. In addition, Magellan raised AUD 1.55 billion in FUM for its new ASX-listed vehicle, Magellan Global Trust, more than we anticipated. Existing investors in Magellan funds were key supporters of the new trust, contributing the bulk of the IPO proceeds. There was some cannibalisation from existing Ma...Magellan Financial Group is engaged in funds management, providing international investment funds to high net worth and retail investors in Australia and New Zealand, and institutional investors globally. Co.'s main operating company is Magellan Asset Management Limited (MAM). Co.'s key operating segments are: Funds Management, in which MAM undertakes the funds management activities and MFG Services LLC acts as a service company providing MAM with services of investment analysts and distribution personnel; and Principal Investments, which include investments in the ASX Quoted Funds, the Unlisted Magellan Funds, and a select portfolio comprising Australian and international listed companies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.