** Shares of Magellan Financial Group fall as much as 4% to A$9.460, their biggest intraday pct loss since Feb 27
** Stock at its lowest since March 15
** Asset manager says as at March 28, total funds under management stood at A$37.3 billion ($24.49 billion), compared to A$43.2 bln as at March 31 last year
** Stock up ~6% YTD, as of last close
($1 = 1.5232 Australian dollars)
(Reporting by Neha Soni in Bengaluru)
((Neha.Soni@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments