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.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.43% at lunch.
Magellan Financial Group Ltd’s (ASX:MFG) co-founder and CEO, Hamish Douglass, stands to receive $2.5 million in fixed pay under a new agreement with his company.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.7% at lunch.
Sydney-based fund manager Magellan Financial Group Ltd (ASX:MFG) released its funds under management (FUM) update for May showing a bump up in total capital.
Futures contracts for the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) index are pointing to a positive open on Wednesday morning with Metcash Limited (ASX:MTS) in focus.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.55% at lunch.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index woke up on the wrong side of the bed and is expected to open slightly lower Monday morning, according to data from the Sydney Futures Exchange.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.07% at lunch.
The S&P/ASX 200 (INDEXASX: XJO) (^AXJO) and All Ordinaries (INDEXASX: XAO)(^AORD) indices ended lower on Thursday.
