Magellan Portfolio Manager, Alan Pullen, provides a timely update on the financials sector in light of the recent volatility we’ve seen with banks in the US and Europe.
The Magellan Global Fund offers investors the opportunity to invest in a specialised and focused global equity fund. The Fund aims to achieve attractive risk-adjusted returns over the medium to long term while minimising the risk of permanent capital loss. There is also a listed version available under the ASX ticker code MGF.
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04 Sep 2019 - Pilbara Minerals (ASX:PLS) has announced an equity raising with a strategic placement of $55.0 million to the leading Chinese battery manufacturer for electric vehicles, Contemporary Amperex Technology.
24 Aug 2020 - Fortescue Metals (ASX:FMG) net profit has lifted by 49 per cent for the 2020 financial year. Strong iron ore prices and strong production drove the miners profit to US $4.7 billion.
1 Apr 2020 - GrainCorp (ASX:GNC) is pleased to announce that the demerger of United Malt Group was implemented today and shares in United Malt have been transferred to Eligible GrainCorp Shareholders.
14 Feb 2020 - Baby Bunting (ASX:BBN) has reported first half pro-forma sales of $186.4 million, with comparable sales up 1 per cent and total sales 8.1 per cent higher on the previous first half.
29 Aug 2019 - Woolworths (ASX:WOW) has increased its net profit after tax 7.2 per cent to $1.75 billion for the year, helped by strong food sales in its supermarkets.
