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 S&P/ASX 200 (INDEXASX: XJO) (^AXJO) and All Ordinaries (INDEXASX: XAO)(^AORD) indices ended lower on Thursday.
The Megallan Ashes is no more after Magellan Financial Group Ltd (ASX:MFG) today declared that it was quitting its partnership with Cricket Australia.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.02% at lunch.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), is up by 1.22% at lunch.
The ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) index slumped 3.2% on Tuesday, following Commonwealth Bank of Australia (ASX:CBA) and BHP Billiton Limited (ASX:BHP) shares lower.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has been hit for six this morning, it’s currently down 2.93%.
Magellan Financial Group Ltd (ASX: MFG) will be a focal point following the release of its half-year financial report and the takeover deals for Airlie Funds Management and Frontier Partners.
The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open lower on Tuesday, following the Dow Jones Industrial Average (INDEX:.DJI) lower.
Australia’s All Ordinaries (INDEXASX:XAO)(ASX:XAO) closed firmly lower on Wednesday.
