Fund manager Magellan Financial Group garnered $939 million in funds under management (FUM) for March, boosting its inflows by 11 per cent in one month.
In February, the firm had $845 million in FUM.
The firm's global equity fund, the Magellan Global Fund, secured $16 million in inflows. The firm also received $38 million as a wholesale mandate in global equities and $131 million in a wholesale infrastructure mandate.
While the firm was attracting strong inflows from institutional investors, growing demand for Magellan's funds was also increasing among financial planners, Magellan head of institutional and consultant relationships Matthew Webb said.
"We are encouraged by more and more financial planners who are demanding our products," Webb said.
"Having a greater diversification of investors means that we can continue to expand our foothold across the markets. We are pretty darn happy with that."
