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.
Magellan Financial Group Ltd (ASX:MFG) has seen its share price rise almost 3% in reaction to its FY20 report and news of new investment products.
Magellan (ASX:MFG) shares are down after announcing a proposal to restructure its global equities retail funds.
The S&P/ASX 200 (INDEXASX: XJO) is set to open lower this morning according to futures in Sydney. Here’s what you need to know.
The Magellan (ASX:MFG) share price is up more than 4% after announcing its June 2020 FUM and the performance fees for FY20.
In Australia, two of the most popular blue-chip companies are Platinum Asset Management Ltd (ASX: PTM) and Telstra Corporation Ltd (ASX: TLS) shares.
Magellan (ASX:MFG) has announced its funds under management (FUM) for May 2020. It has also announced a new exchange-traded fund (ETF).
Infrastructure is down and the S&P/ASX 200 Total Return Index (ASX:XNT) fell 20.6% last month. Magellan’s (ASX:MFG) Gerald Stack says it’s an extraordinary time.
The Magellan (ASX:MFG) share price is up 12%, it’s going bananas.
Magellan Financial Group (ASX:MFG) has seen its fair share of pressure on the share price. I think there are at least two reasons to keep holding Magellan.
