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Did You See Magellan’s (ASX:MFG) FUM Report?

Magellan Financial Group Ltd (ASX:MFG) has reported its its funds under management (FUM) for January 2019.
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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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Magellan Financial Group Ltd (ASX: MFG) has reported its its funds under management (FUM) for January 2019.

Magellan is a funds management business that largely invests in international shares like Facebook and Visa. It was set up in 2006 by Hamish Douglass and Chris Mackay. Since inception, Magellan claims it has been one of the most consistent market outperformers after fees.

Magellan January 2019 FUM

Magellan reported that total FUM grew from $70.82 billion last month to $72.95 billion at the end of January 2019.

According to the funds management company, it experienced net inflows of $317 million during last month, including net retail inflows of $110 million and net institutional inflows of $207 million.

Approximately $53.9 billion of FUM is allocated to global equities, $12.56 billion is invested in infrastructure equities and $6.47 billion is invested in Australian shares.

Retail investor funds account for $19.7 billion of Magellan’s FUM, but the bulk is still from institutional investors, which accounts for $53.2 billion of FUM.

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