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 Australian share market or ASX index is uniquely known for its high dividend yield. On average, the ASX has a yield more than double that of the US S&P 500!
The Magellan Financial Group Ltd (ASX:MFG) share price has jumped 15% after the fund manager revealed its FY23 result and a special dividend.
The Magellan Financial Group Ltd (ASX: MFG) share price is down 7% after the fund manager revealed another poor monthly flow update for June.
On The Australian Investors Podcast Owen Rask and Drew Meredith tackle leveraged ETFs, discuss RBA updates, an $800,000 inheritance and why Drew recently sold Magellan Financial Group Ltd (ASX: MFG) shares.
The Magellan Financial Group Ltd (ASX:MFG) share price has down 7% after the fund manager saw a massive outflow of funds.
The Magellan Financial Group Ltd (ASX:MFG) share price has fallen amid news of the retirement of a key member of the investment team.
The Magellan Financial Group Ltd (ASX:MFG) share price is in focus after revealing its February funds under management (FUM). Time to buy?
The Magellan Financial Group Ltd (ASX:MFG) share price is currently up by 5%, even though the fund manager announced a huge profit slump.
The Magellan Financial Group Ltd (ASX:MFG) share price is up more than 5% after a positive update with FUM rising.
