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At $13, is the Magellan Financial Group Ltd (ASX: MFG) share price looking solid?

So far in 2022, the Magellan Financial Group Ltd (ASX: MFG) share price has traced 31.7% lower. Over the same period, the ARB Corporation Limited (ASX: ARB) share price has drifted 47% lower.

So far in 2022, the Magellan Financial Group Ltd (ASX: MFG) share price has traced 31.7% lower. Over the same period, the ARB Corporation Limited (ASX: ARB) share price has drifted 47% lower.

MFG share price

Magellan was formed in 2006 by Hamish Douglas and Chris Mackay to generate attractive returns for clients by investing in global equities and global listed infrastructure while protecting their capital.

The company has four investment funds including Global Equities, Infrastructure, Sustainable and Australian Equities. Today, Magellan has over 37 investment professionals and manages tens of billions in funds for clients based around the world. Magellan has been a consistent dividend-paying company over the last several years. However, in recent times, as you can see above, Magellan’s active Global Fund strategy has been a point of uncertainty for investors wondering if its best days are behind it.

However, it’s worth noting Magellan has many other funds, including infrastructure, and has proven to be quiet innovative in funds management.

ARB Corporation

Founded in 1975 by Tony Brown, ARB is Australia’s largest manufacturer and distributor of 4×4 accessories with a global reputation for quality and innovation. The company has international offices in the United States, Europe and the Middle East, with an export network that extends through more than 100 countries around the world.

ARB’s share price seems to be, at times, the subject of the market’s outlook for domestic vehicle sales (especially SUVs and 4×4). In the upcoming reporting season, comments around industry deals with the likes of Ford or others will be a key focus.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

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5%+ in passive income

Owen Rask’s investing report available

With bond ETFs like ASX:IAF and the S&P 500 riding high, now could be one of the best times to start earning passive income from a portfolio of shares and ETFs.

In this free analyst report, our Chief Investment Officer, Owen Rask, names 10 ASX stocks and ETFs to watch.

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