Business
Magellan simplifies global funds with complex restructure – The Australian Financial Review
Magellan has retained its faith in closed-end funds, even as it has sought to simplify its global equities offerings.
Closed-end funds such as listed investment trusts and listed investment companies have been much maligned, and were the subject of a federal government review.
While that review focused on incentives, the lingering weakness of closed-end funds is that they tend to trade at discounts to the underlying value of the assets.
Some financial planners have argued that even more simplification could have been achieved if Magellan dispensed with the closed-end component altogether.
Magellan says the n…
-
Noosa News21 hours agoKatter and pregnant wife crash-land plane in outback Qld
-
Noosa News21 hours agoFollowing Up Hottest 100 of Australian Songs Success with a Second Documentary About Your Life and Career: Jimmy Barnes Talks ‘Working Class Man’
-
Business10 hours agoWhy did this ASX 200 healthcare stock crash 14% yesterday?
-
General18 hours agoRussia launches hundreds of drones and missiles against Ukraine in fresh attack