Own Magellan (ASX:MFG) shares? A $5b competitor could be hitting the ASX

Owners of Magellan Financial Group Ltd (ASX: MFG) shares might want to brace for new competition as reports of GQG Partners‘ plan to list on the ASX emerge.

Right now, the Magellan share price is $42.48, having gained 0.3% today.

Let’s take a…