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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25 Nov 2019 - Downer EDI (ASX:DOW), as a member of the NEWest Alliance, has been selected as preferred contractor to deliver the Yanchep Rail Extension and the Thornlie – Cockburn Link, part of Perth’s METRONET program.
26 Nov 2020 - Virgin Money UK (ASX:VUK) report statutory loss after tax of £141 million - this is inclusive of £292 million of exceptional items, including £139 million of integration transformation costs, £113 million of acquisition accounting unwind and £26m of conduct charges.
08 Oct 2019 - City Chic’s (ASX:CCX) US$16.5m acquisition of the e-commerce assets of American clothing chain Avenue has been given the green light from the US Bankruptcy Court.
05 Feb 2020 - Genworth Mortgage Insurance Australia (ASX:GMA) reports statutory net profit after tax (NPAT) for FY19 was $120.1 million up from $75.7 million in 2018 and underlying NPAT was $97.0 million up from $93.9 million at the same corresponding period.
