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.
It has been a month since Magellan (ASX:MFG) formally announced its IPO open for applications to purchase units in its new Magellan High Conviction Trust (ASX:MHH).
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 1.00% at lunch.
The Magellan Financial Group Ltd (ASX:MFG) share price has risen more than 3% after the release of its monthly funds under management (FUM) update.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.25% at lunch.
Magellan Financial Group Ltd (ASX:MFG) has reported its FY19 result to the market this morning, as well as announcing a new listed trust.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 1.22% on Monday.
The Platinum Asset Management Ltd (ASX:PTM) share price is starting to look appetising.
The Magellan Financial Group Ltd (ASX:MFG) share price is down 4.6% in early trade this morning, here’s why.
The Magellan Financial Group Ltd (ASX:MFG) share price has substantially beaten the share price of Perpetual Limited (ASX:PPT) over many time periods.
