Magellan’s AUM Edges Up to $39.6B Despite $0.2B Retail Outflows in June
Magellan Financial Group reported a modest rise in assets under management to $39.6 billion as of June 30, 2025, alongside a strategic shift from monthly to quarterly AUM disclosures.
- Total AUM increased slightly to $39.6 billion at June 30, 2025
- Net outflows of $0.2 billion in June driven by retail clients
- Institutional flows remained flat during the month
- Estimated performance fees for FY25 around $11 million
- Transition from monthly to quarterly AUM reporting starting Q3 2025
Modest Growth Amid Retail Outflows
Magellan Financial Group has reported a slight increase in its assets under management (AUM), reaching approximately $39.6 billion as of June 30, 2025, up from $39.3 billion at the end of May. This growth comes despite net outflows of $0.2 billion during June, which were entirely driven by retail investors. Institutional client flows remained stable, reflecting steady confidence from larger, professional investors.
Performance Fees and Market Dynamics
The company estimates performance fees of around $11 million for the financial year ending June 30, 2025. These fees, which can vary significantly from period to period, contribute to Magellan’s revenue but remain subject to market performance and fund results. The firm also highlighted upcoming distributions of approximately $0.5 billion in July, which will impact future AUM figures.
Strategic Shift to Quarterly Reporting
In a notable change, Magellan will move from monthly to quarterly AUM reporting starting with the quarter ending September 30, 2025. This adjustment aims to provide investors with more comprehensive disclosures, including detailed breakdowns of AUM by investment strategy and client type, as well as insights into quarterly flows and market-driven movements. The first quarterly update is expected in early October, with full-year results due on August 20, 2025.
Maintaining Transparency Amid Change
Magellan reaffirmed its commitment to maintaining high standards of disclosure and timely communication of material developments in line with ASX Listing Rules. This move to quarterly reporting may reflect a strategic balance between providing detailed information and managing the administrative burden of monthly updates, while also aligning with industry practices.
Looking Ahead
As Magellan navigates modest retail outflows and a shifting reporting cadence, investors will be watching closely for the upcoming quarterly disclosures and full-year financial results. These reports will offer a clearer picture of how market conditions and client behaviour are shaping the firm’s asset base and revenue streams going forward.
Bottom Line?
Magellan’s reporting shift signals a new phase of transparency and strategic focus amid evolving investor flows.
Questions in the middle?
- Will retail outflows continue to pressure Magellan’s asset base in coming quarters?
- How will the transition to quarterly reporting affect investor perceptions and market responsiveness?
- What impact will estimated performance fees have on Magellan’s full-year profitability?
