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 Feb 2021 - Qantas (ASX:QAN) reports a net loss of $1.08 billion for the first half of the 2021 financial year, down 342.9% due to Covid-19 pandemic.
26 May 2020 - APN Convenience REIT (ASX:APN) has acquired two Coles Express service stations, with the $10.2 million of acquisitions lifting its portfolio value to $425 million.
25 Feb 2020 - Retirement village operator in New Zealand, Summerset (ASX:SNZ) announced an underlying profit after tax for the year ending 31 December 2019 of NZ$106.2 million, up 8 per cent on FY18.
10 Sep 2019 - Challenger (ASX:CGF) Chairman Peter Polson today announced that Leon Zwier will retire from the Board of Challenger and not stand for re-election as a Director at the Annual General Meeting on 31 October 2019.
20 Apr 2021 - Rio Tinto (ASX:RIO) is projected to deliver on its iron ore commitments, despite the environmental challenges of Tropical Cyclone Seroja stagnating export activity from Western Australia. Rio reported a total exported iron ore volume of 77.8 million tones in the March quarter of FY21, marking the best quarterly performance by its iron ore section in 3 years.
11 Nov 2019 - Suncorp Group (ASX:SUN) is looking to raise $250 million with the ability to raise more or less, through the offer of Suncorp Capital Notes 3.
