Fuelling the economy from a strong position.

Opportunities found in troubled waters.

Over the last decade, Mondelez, one of the world’s largest snacking companies, has evolved and strengthened its economic moat, reaccelerated growth and increased the reliability of its earnings algorithm.

Enterprise software is home to some of the best business models in the world, and nowhere is this more evident than in Enterprise Resource Planning (ERP).

The electronic financial transactions sector is experiencing continuous growth, with advancements in
personalisation, the gig economy, and fraud prevention. Magellan has been a long-term investor in Mastercard, a leading global payment network, driving the digitisation of payments for over 14 years. In a recent podcast, Devin Corr, Head of Investor Relations at Mastercard and Magellan Portfolio Manager, Elisa Di Marco sat down to discuss Mastercard’s competitive advantages and innovations in payments.

In the future, when you wake up your hot coffee will be ready, the fridge will have ordered your groceries and a drone will already have delivered them to you that morning. This might seem like science fiction, but it’s a reality well underway to being created by some of the world’s highest-quality businesses such as Alphabet, Amazon, Meta and Microsoft.

We expect that some volatility in markets may accompany us over the next few months as share prices continue to adapt to the evolving interest rate environment and reshaping of economic growth. Volatility isn’t inherently risky. We work diligently to assess the real risks that face our portfolio companies and will continue to hold the line on our absolute return objective. We thank you for the trust you place in us.

The majority of Greenhouse Gas (GHG) emissions released into the atmosphere can be attributed to human activities. These emissions usually come from power generation, industrial processes and cars. GHG emissions can be classified into three categories: scope 1, scope 2, and scope 3 emissions.

Investing in infrastructure is about investing in the companies that provide essential services to society and that generate predictable long-term earnings.

Vinci is built around the pillars of its concessions and contracting operations. From our perspective, the most attractive part of its business is the large and diversified concessions holdings.

Behind the success of the world’s most famous quick-service chicken restaurant, the world’s second-largest pizza chain and the US’s leading Mexican-style franchise sits Yum! Brands.

Business Quality is a key factor in the Airlie investment process, and we typically define a high-quality business as one that can earn a decent return on its capital.

Regulated utilities are known for their ability to generate predictable returns regardless of market conditions. For this reason, we often describe utility stocks as the ‘lead in the keel’ of our infrastructure portfolios. They allow us to navigate volatile global equity markets with confidence.

In this special 15 minute episode of Magellan In The Know, Portfolio Manager Nikki Thomas is joined by Investment Analyst Wilson Nghe, providing an update on GLP-1 following our recent episode on the weight loss wonder drug.

While we tend to think of toll roads as a recent phenomenon, they have been around for
thousands of years. Toll roads today are a popular way for cash-strapped governments
to raise money and improve the quality of, and reduce the congestion on road networks.
Given the huge capital costs (toll roads often cost billions of dollars to build), for most
investors the listed market is the only way to gain access to these assets.

Railroads provide a basic, but critical role for any developed society – they facilitate the
connection between producers and consumers of essential goods and support a large section
of the economy. The North American rail industry represents one of the world’s oldest and
largest collections of transport infrastructure.

A sound investment opportunity.

Scaling to new heights in the cloud.

A high-water mark for infrastructure investment.

On track for sustainable growth

Global Leader in Alternative Investments.