Magellan Financial Group: Result 2016

Retail investors have given Magellan a boost with fund inflows of $2.3 billion in 2016.

Magellan's total funds under management (FUM) increased 11% to $40.5 billion in the 2016 financial year boosting fee revenue by 24% to $314 million and improving net profit by 14% to $198.4 million.

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