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Magellan Financial Group Ltd (ASX:MFG)

Diversified Financials

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) share price

Magellan Financial Group Ltd (ASX:MFG) share price news

ASX Growth Shares
James Dunn

Tale of 2 telecoms

Telstra Group Ltd (ASX: TLS) gained 5 cents, or 1.3%, to $3.92, after being up 2.3% at one point, as it was perceived as benefiting from the big outage at rival Optus. In Singapore, the shares of Optus’ owner Singapore Telecom were down 5.2% on the news, and finished down 4.8% for the day.

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