Magellan to close Vinva global equity fund
Magellan Asset Management is winding up the Vinva Global Equity Fund, an actively managed systematic strategy for retail investors, less than two years after its launch, according to a report by the Financial Standard.
Magellan Asset Management is closing the Vinva Global Equity Fund, an actively managed strategy that targeted retail investors. Launched in October 2024, the fund had AUD165.3 million in assets under management (AUM) as of August. Magellan, as the responsible entity, decided the fund could not remain viable due to insufficient scale.
The closure is set for October 12. The decision does not impact Vinva’s institutional business. Initially, Magellan held 29.5% in Vinva, which managed about AUD22 billion at the time of acquisition in August 2024. The partnership allowed Magellan to transfer parts of its retail investment operations to Vinva. By year-end 2026, AUD1.3 billion of Magellan’s retail mandates were moved to Vinva, contributing to AUD2 billion in outflows for the period.
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