Magellan Financial Group Ltd (ASX:MFG) is a funds management business that largely invests in international shares like Facebook and Visa. It was set up in 2006 by Hamish Douglass and Chris Mackay. Since inception, Magellan claims it has been one of the most consistent market outperformers after fees.
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The Magellan Financial Group Ltd (ASX: MFG) share price is down 28% after it announced its biggest client had terminated its mandate.
The S&P/ASX 200 (ASX:XJO) managed to deliver a gain of just 0.1% on Friday as Magellan (ASX:MFG) and ASX gold miners were in the news.
The Magellan Financial Group Ltd (ASX: MFG) share price will be closely watched on Monday when it returns from a trading halt.
The S&P/ASX 200 (ASX: XJO) broke a four-week while all three US benchmarks gained around 4%. Here are my three key takeaways.
The S&P/ASX 200 (ASX: XJO) managed to snap a four-week losing run despite falling on Friday as Fortescue (ASX:FMG) shares made headlines.
Live on The Australian Investors Podcast this week, your weekly hosts Owen Rask & Dr Anirban Mahanti talk Magellan, US cybersecurity stocks, Alcidion and more.
