Magellan Financial Group (ASX:MFG) experienced net inflows of $488 million, which included net retail inflows of $132 million and net institutional inflows of $356 million.
Average Funds Under Management for the 12 months ending 30 June 2019 was $75.8 billion. $59.0 billion for the 12 months ended 30 June 2018.
Magellan funds will pay distributions (of approximately $604 million in July, which will be reflected in the FUM figures in next month’s announcement.
Shares in Magellan Financial Group (ASX:MFG) are trading 0.12 per cent lower at $54.34.