Magellan Global Fund Outperforms Market Index

Magellan Global Fund Units (AU:MGF) has released an update.

Magellan Global Fund (Closed Class) has reported a notable performance with a return of 15.4% over the past year, outpacing the MSCI World NTR Index. The fund’s investment approach focuses on high conviction and quality, aiming for a 9% p.a. net return over the economic cycle. Additionally, the fund has bought back 26.1% of its units since inception, signaling confidence in its strategy and value to investors.

For further insights into AU:MGF stock, check out TipRanks’ Stock Analysis page.