Magellan Financial Group Ltd

MFG: XASX (AUS)
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Magellan Financial Group: Handing Off Management of Flagship Global Equities Funds

Magellan Financial Group has outsourced management of its flagship global equities funds—roughly AUD 5 billion, or 14% of managed assets—to affiliated partner Vinva Investment Management. This would cut fees payable to Magellan from 1.35% to 0.89% and remove performance fees from these funds.

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