Magellan Financial Group Ltd (ASX: MFG) has reported its its funds under management (FUM) for January 2019.
Magellan is a funds management business that largely invests in international shares like Facebook and Visa. It was set up in 2006 by Hamish Douglass and Chris Mackay. Since inception, Magellan claims it has been one of the most consistent market outperformers after fees.
Magellan January 2019 FUM
Magellan reported that total FUM grew from $70.82 billion last month to $72.95 billion at the end of January 2019.
According to the funds management company, it experienced net inflows of $317 million during last month, including net retail inflows of $110 million and net institutional inflows of $207 million.
Approximately $53.9 billion of FUM is allocated to global equities, $12.56 billion is invested in infrastructure equities and $6.47 billion is invested in Australian shares.
Retail investor funds account for $19.7 billion of Magellan’s FUM, but the bulk is still from institutional investors, which accounts for $53.2 billion of FUM.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).