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Downside Risks Loom For Magellan Financial


Downside Risks Loom For Magellan Financial
Jul 08 2021
Downside risks are looming to consensus estimates for Magellan Financial in FY22 after a record quarter of outflows
-Global Fund materially below benchmark over one year
-Retail flows may have improved slightly during the month of June
-Magellan Financial s base remains resilient and balance sheet is strong
By Eva Brocklehurst
The June quarter provided the largest quarterly outflows on record for Magellan Financial Group ((MFG)). Morgan Stanley is one broker that does not believe the current share price captures the downside risks to consensus flows nor increased earnings volatility from growing principal investments. ....

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