Macquarie Group Limited (ASX:MQG) has flagged an improved financial performance in the current 2015 financial year.
Australia’s largest listed investment bank says it expects its result to be slightly up from last year due to its funds division.
Macquarie Funds Group is expected to improve due to increased performance fees from the listed and unlisted funds.
The company’s short term outlook remains subject to factors such as market conditions, the impact of foreign exchange and possible regulatory changes.
Over the medium term Macquarie Group says it remains well positioned to deliver superior performance.
Macquarie Group reported a net profit of $1.27 billion in the year to the end of March 2014.
