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11 February 2022 • By Maja Garaca Djurdjevic • 1 min read

Magellan funds under management continue to drop

Magellan Financial Group’s funds under management have continued to slide amid news Hamish Douglass is departing to focus on his health

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Why investors are targeting the electric utility sector

“We need to be slamming the breaks hard on fossil fuels,” Sarah Lau from Resolution Capital said, noting the investment potential of the electric ...

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Prosecutor drops cartel charges against Citi, Deutsche Bank

The Australian Competition and Consumer Commission’s (ACCC) charges against Citi, Deutsche Bank, and four senior executives in relation to alleged ...

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Sustainable investing reaches record levels

More than $44 billion is now invested in sustainable funds across Australasia. Sustainable funds in Australia and New Zealand received record flows ...

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NAB posts $1.8bn profit as lending and deposits grow

The big four reported a statutory net profit of more than $1.8 billion for the first quarter of 2022.  In a statement to the market on Thursday, ...

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AMP reports a $252m net loss

AMP suffered a $252 million loss for the full 2021 financial year. AMP reported a net loss of $252 million on Thursday, compared to a $177 million ...

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Lonsec places Magellan global funds on watch

Lonsec has placed eight Magellan global equities funds on “fund watch”. The bad news for Magellan continues with Lonsec announcing on Wednesday it ...

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Centuria reports strong lift in half-year profit

Centuria Capital Group has reported an increase in operating revenue and operating profit after tax. In an ASX listing on Wednesday, Centuria ...

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CBA reports strong profit growth, lifts dividend

Commonwealth Bank has reported a 23 per cent growth in its cash profit for the first half of 2022. On Wednesday, the big four banks confirmed an ...

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Morningstar puts Magellan funds under review

Magellan Financial Group confirmed on Monday that Hamish Douglass is taking a leave of absence, prompting Morningstar to put all the fund manager’s ...

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