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MFG & ALL: 2 high-quality ASX shares

So far in 2022 the Magellan Financial Group Ltd (ASX: MFG) share price has traced 38% lower. Using the same timeframe, the Australian Ethical Investment Ltd (ASX: AEF) share price has drifted 63% lower.

So far in 2022 the Magellan Financial Group Ltd (ASX: MFG) share price has traced 38% lower. Using the same timeframe, the Australian Ethical Investment Ltd (ASX: AEF) share price has drifted 63% 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 over $110 billion in funds for clients based around the world. Magellan has been a consistent dividend paying company over the last several years.

Right now, Magellan Financial Group Ltd shares are trading at a price-earnings ratio (P/E) of 7x. To put that in context, the S&P/ASX 200 (INDEXASX: XJO) long-run average is around 16x.

Aristocrat under pressure

Founded by Len Ainsworth in 1953, Aristocrat Leisure is an Australian gambling machine operator that is headquartered in Sydney.

Aristocrat is currently the largest machine manufacturer in Australia and one of the largest manufacturers of slot machines around the world. One of its largest business segments is the American market, with its digital arm now the largest revenue contributor.

Gaming machines can be sold outright to a venue or gaming operator. Alternatively, a machine can be installed with a proportion of the revenue generated being paid on a recurring basis back to Aristocrat.

The ALL share price is trading at the equivalent P/E of 23x. However, valuation shouldn’t be the only focus since Aristocrat Leisure has been growing its revenue rapidly in recent years.

$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.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

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