Australia's Magellan Financial Group soars on AUM increase

Magellan Financial

08/10/2025 01:11

** Shares of Magellan Financial Group MFG.AX rise as much as 4.9% to A$10.710, their biggest intraday pct gain since August 20

** The asset manager increases assets under management at September-end to A$40.2 billion ($26.44 billion), compared to A$39.6 billion in AUM at June-end

** YTD, MFG shares down 4.8%

($1 = 1.5202 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))