Business
Magellan (ASX:MFG) launches new ETF offerings
Magellan Financial Group Ltd (ASX: MFG) is one of, if not the, most successful Australian fund managers on the ASX (or off it, for that matter). Just last week, Magellan told the markets it has close to $103 billion (specifically $102.996 billion) in assets under management, which included net inflows of $26 million for the month. That’s a lot of money to be taking a clip from every year.
Over the past two years or so, Magellan shares have appreciated by almost 120%, turning Magellan co-founder and chief investment officer Hamish Douglass into a billionaire.
Magellan has successfully tapped into an appetite in the Australian investor for access to some of the best companies in the world outside the ASX.
Magellan’s flagship…
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