InvestSMART

Magellan Financial Group Limited (ASX:MFG)

ALERT: Price-sensitive ASX Announcement for MFG
Current share price for MFG : $9.930 -0.41 (-3.97%)+
Announcement
Release
5 May 2026 8:53AM
Price at Release
$10.340
Full Release
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Summary
Magellan Financial Group Limited announced a proposal to change the investment management arrangements for its Global Equities strategy, transitioning to the Vinva Global Alpha Strategy with Vinva Investment Management Limited as the investment manager. This change affects the Magellan Global Fund - Open Class Units – Active ETF and the Magellan Global Fund Hedged, which had a combined AUM of $5.3 billion as of April 2026. The alterations are part of a strategic effort to enhance investment performance, align with investor preferences, and improve fee competitiveness by reducing management fees from 1.35% to 0.89% per annum and eliminating performance fees. The changes are expected to be implemented in June 2026, subject to ASX approvals, and are intended to position Magellan for long-term growth while maintaining a focus on client outcomes. A strategic partnership with Vinva, which includes a 28% stake in Vinva’s parent entity, supports this transition.
Key Points
  • Proposed change to Global Equities strategy to Vinva Global Alpha Strategy
  • Vinva Investment Management appointed as investment manager
  • Funds affected had $5.3 billion AUM as of April 2026
  • Management fees reduced from 1.35% to 0.89% per annum
  • Performance fees eliminated
  • Implementation expected in June 2026, subject to ASX approvals
  • Strategic partnership with Vinva includes a 28% equity stake
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.