Australia's Magellan Financial Group gains on higher AUM

Magellan Financial

04/07/2025 01:43

** Magellan Financial Group MFG.AX up as much as 3% to A$9.725, highest since February 20

** Asset manager posts total assets under management (AUM) of A$39.6 bln ($26.03 bln) as at June 30 vs A$39.3 billion on May 30

** MFG falls 15.1% this year, as of last close

($1 = 1.5211 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))