Business
2 reasons why the Magellan (ASX:MFG) share price is attractive
There are some compelling reasons why the share price of Magellan Financial Group Ltd (ASX: MFG) looks attractive, according to a couple of fund managers.
A quick overview of Magellan
Magellan describes itself as a specialist funds management business established in 2006 and it’s based in Sydney. Magellan Asset Management managed approximately $103 billion of funds under management (FUM) at 30 November 2020 across its global equities, global listed infrastructure strategies and Australian equities for retail, high net worth and institutional investors. Magellan employs over 120 staff across the world.
Magellan’s investment in Guzman y Gomez (GYG)
Before I get to the reasons why fund managers like Magellan, the company announced…
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