ASX:MFGCapital Markets
Is Magellan (ASX:MFG) Quietly Becoming an Institutional-First Manager as Retail Outflows Persist?
Magellan Financial Group has reported that its assets under management slipped to A$39.9 billion at 31 December 2025, with modest net outflows led by retail products, particularly the Magellan Global Equities and Global Listed Infrastructure strategies.
While overall AUM remained relatively stable, the shift from retail outflows toward slightly growing institutional mandates highlights a changing client mix and lingering questions about the resilience of core flagship strategies.
Now we’ll...