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.
The Magellan Financial Group Ltd (ASX:MFG) share price has substantially beaten the share price of Perpetual Limited (ASX:PPT) over many time periods.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.23% at lunch.
Magellan Financial Group Ltd (ASX:MFG) has announced its June 2019 funds under management and its estimated performance fees for the year.
Magellan Financial Group Ltd (ASX:MFG) Co-founder and Chief Investment Officer Hamish Douglass recently joined Owen Raszkiewicz on The Australian Investors Podcast.
VGI Partners Ltd (ASX:VGI) shares went up as much as 100% on their debut on the ASX, doubling the issue price of $5.50 per share.
MFF Capital Investments Ltd (ASX:MFF) has been around since 2006, whilst Magellan Global Trust (ASX:MGG) hit the exchange in 2017 with a huge IPO.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.46% at lunch.
The Magellan Financial Group Ltd (ASX:MFG) share price could be a mover today after revealing its May 2019 funds under management.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.61% on Thursday.
