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(Reuters) - Shares of Australian fund manager Magellan Financial Group fell over 17% on Friday to hit a more than decade low, as its assets under management declined for an eighth consecutive month.
The declines in funds managed, mainly in global equities strategy, come at a time when global equity markets are going through a period of volatility as central banks maintain their hawkish stance.
U.S. economic data has been mixed lately, though markets have been especially wary that signs of resi...
>>> Read more: Australia's Magellan plunges as fund manager sees decline in assets managed for 8th month
The declines in funds managed, mainly in global equities strategy, come at a time when global equity markets are going through a period of volatility as central banks maintain their hawkish stance.
U.S. economic data has been mixed lately, though markets have been especially wary that signs of resi...
>>> Read more: Australia's Magellan plunges as fund manager sees decline in assets managed for 8th month
