Magellan Financial Group Ltd
MFG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|CZ | LOCK|w#F | LOCK|K^hpC@S |
Magellan Financial Group: Handing Off Management of Flagship Global Equities Funds
Magellan Financial Group has outsourced management of its flagship global equities funds—roughly AUD 5 billion, or 14% of managed assets—to affiliated partner Vinva Investment Management. This would cut fees payable to Magellan from 1.35% to 0.89% and remove performance fees from these funds.
