Here’s why the Magellan (ASX:MFG) share price is pushing higher today – Motley Fool Australia

The Magellan Financial Group Ltd(ASX: MFG) share price is on the move on Wednesday morning.
At the time of writing the fund manager’s shares are up 1% to $59.59.
This means the Magellan share price is now up 19.9% over the last 12 months from $49.70.
Why is the Magellan share price on the move on Wednesday?
This morning Magellan released its latest funds under management (FUM) update for the month of September.
According to the release, Magellan experienced net inflows of $1,198 million in …

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