Bell Potter LIC Weekly: Magellan Consolidation Worth $15.6b

By William Gormly | More Articles by William Gormly

Magellan Asset Management Limited has announced a proposed series of transactions, which will have the effect of consolidating its three existing Global Equities retail funds. This includes the $11.6b flagship unlisted Magellan Global Fund (MGF), the $2.3b active exchange-traded Magellan Global Equities Fund (MGE) and the $1.7b Magellan Global Trust (MGG).

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About William Gormly

William Gormly is an ETF/LIC Specialist at Bell Potter Securities. Will provides comprehensive coverage of the ETF and LIC sectors, producing a range of highly regarded reports covering investment fundamentals, asset class structure and cost, and the role of managed investments in portfolios.

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