Fund managers, page-561

Hi guys

Here are the Magellan numbers for June:




Most of the new picks like HCA, USB, LOW and others are significantly in the red this month.

It will be interesting to see whether the positions will be cut back drastically or if Magellan continues to hold.


For the overall, FUM should come in a touch above $AUD60B. Magellan again was saved by the large fall in the AUD.

Over the last couple of months, Magellan has been losing Retail FUM. Will be interesting this week to see if this continues.

Best of Luck
Lost