In an ASX filing, the investment manager said its AUM rose from $37.5 billion in March to $38.5 billion in April.
The relatively uncommon AUM bump for the manager came amid net outflows of $1 billion, including net retail outflows of $0.1 billion and net institutional outflows of $0.9 billion.
Against these outflows, Magellan’s retail AUM increased from $14.9 billion to $16.2 billion in April, while its institutional AUM saw a slight decrease from $22.6 billion to $22.3 billion.
Looking at individual asset classes, global equities experienced a minor fall from $13.4 billion to $13 billion, while infrastructure equities also declined from $16.9 billion to $16.6 billion.
Meanwhile, Australian equities enjoyed a rise from $7.2 billion to $7.5 billion.
“Also included in April’s AUM total is $1.4 billion of retail AUM which is the result of Magellan Asset Management Limited becoming the responsible entity of the Vinva Global Alpha Extension Fund, which took effect on 17 April 2025,” the company said.
“This is the fourth systematic equity fund offered in connection with MFG’s strategic partnership with Vinva Investment Management.”
Magellan first announced its strategic partnership with Vinva in August last year at its FY2023–24 results, after it acquired a 29.5 per cent stake in parent company Vinva Holdings. Magellan said at the time the two firms intended to collaborate on new product initiatives in Australia and globally.
Vinva manages active systematic equity strategies across Australian and global equity markets, having been founded in 2010 by Morry Waked.
Later in October, Magellan launched its first two funds as a result of the partnership: the Vinva Australian Equity Fund and the Vinva Global Equity Fund, both of which are long-only systematic equity strategies.
A third fund – the Vinva Australian Alpha Extension Fund – is a 130:30 long-short strategy that was also launched in December.
