Business
Here are the shares Magellan has been buying recently // Motley Fool Australia
Magellan Financial Group Ltd (ASX: MFG) is one of the ASX’s most successful fund managers. It has (as of 31 October) just over $103 billion in assets under management, making it one of the largest fundies in Australia as well.
Chief investment officer and co-founder, billionaire Hamish Douglass, is someone that many ASX investors look to for advice and guidance, given the stellar performance of Magellan’s funds. As an example, the unlisted flagship Magellan Global Fund (a managed fund) has returned an average of 15.91% per annum over the past decade.
So here’s a look at the shares that Magellan was buying (and holding) in October.
Magellan in the spotlight
According to the company’s latest updates, the Global Fund is 88%…
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