Magellan Financial Group reported total funds under management of $36.6 billion as of June 30, down from $36.7 billion in May.

Retail funds under management increased to $17.2 billion, while institutional funds under management decreased to $19.4 billion.

Global equities funds under management reached $15.7 billion, infrastructure equities fell to $15.5 billion, and Australian equities remained at $5.4 billion.

The company expects distributions of approximately $200 million in July and anticipates performance fees of around $19 million for the FY24, subject to significant fluctuations.