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    Is Magellan (ASX:MFG) Quietly Becoming an Institutional-First Manager as Retail Outflows Persist?

    Simply Wall St·01/08/2026 02:41:36
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    • Magellan Financial Group has reported that its assets under management slipped to A$39.9 billion at 31 December 2025, with modest net outflows led by retail products, particularly the Magellan Global Equities and Global Listed Infrastructure strategies.
    • While overall AUM remained relatively stable, the shift from retail outflows toward slightly growing institutional mandates highlights a changing client mix and lingering questions about the resilience of core flagship strategies.
    • Now we’ll examine how these renewed retail outflows and shifting institutional inflows could influence Magellan’s existing investment narrative.

    Find companies with promising cash flow potential yet trading below their fair value.

    Magellan Financial Group Investment Narrative Recap

    To own Magellan today, you need to be comfortable with a business that is still rebuilding trust while managing fee pressure and fund outflows. The latest AUM update, with only modest net outflows and a tilt toward institutional clients, does not materially change the near term catalyst of leadership and strategy execution, nor the key risk that sustained retail outflows could keep earnings under pressure.

    The most relevant recent development here is Magellan’s November 2025 leadership change in Global Equities, with the resignation of its Head of Global Equities. Given that the latest AUM figures show renewed retail outflows from Magellan Global Equities, investors may watch closely how the refreshed investment team and the new CEO’s broader plan come together to support fund performance and client retention.

    Yet behind the relatively stable headline AUM, investors should be aware of the risk that ongoing retail outflows and fee pressure could...

    Read the full narrative on Magellan Financial Group (it's free!)

    Magellan Financial Group's narrative projects A$259.3 million revenue and A$152.1 million earnings by 2028. This assumes revenues will decline by 6.6% per year and that earnings will decrease by A$12.9 million from A$165.0 million today.

    Uncover how Magellan Financial Group's forecasts yield a A$10.03 fair value, a 8% upside to its current price.

    Exploring Other Perspectives

    ASX:MFG 1-Year Stock Price Chart
    ASX:MFG 1-Year Stock Price Chart

    Seven members of the Simply Wall St Community currently see fair value for Magellan between A$7.40 and A$15.00, highlighting a wide spread in expectations. Against this backdrop, the ongoing risk of fee compression and fund outflows means you may want to compare several of these views before forming a view on the company’s prospects.

    Explore 7 other fair value estimates on Magellan Financial Group - why the stock might be worth as much as 61% more than the current price!

    Build Your Own Magellan Financial Group Narrative

    Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.