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 News22 hours agoWest Coast Eagles draftee Josh Lindsay wants to carry on Troy Selwood’s legacy
-
Noosa News23 hours agoHunt for suspects after family’s pregnant horse found shot dead on rural Queensland property
-
General24 hours agoLabor to squeeze public service, sparking warnings of job losses
-
Noosa News24 hours agoQLS submits key budget requests – Proctor