Business
Magellan cranks its ETF offerings – The Australian Financial Review
The structural shift of retail investors preferring to invest in collective investment schemes via an exchange, rather than mutual fund wrapper is accelerating.
Chairman Hamish Douglass has rejected this, arguing that the low-cost funds appeal to fee-conscious investors seeking exposure to Magellan’s expertise without fully active-managed portfolio services.
Shift to listed funds
At the end of financial 2020, 72 per cent of Magellan’s total FUM was with institutional mandates, which contributed 54 per cent of management fees. The higher-margin retail sector contributed 46 per cent of management fees on just 28 per cent of FUM.
A typical passive index…
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