Magellan (ASX:MFG) report net inflows for February

Company News

by Rachael Jones

Magellan (ASX:MFG) has reported net inflows of $453 million in February, which included net retail inflows $60 million and $393 million of institutional funds.

Funds under management fell slightly by the end of February to $100.6 billion, down from $104.31 billion as of January 31.

Shares in Magellan (ASX:MFG) are trading 3.58 per cent higher at $58.16.