Magellan Global Fund Units (AU:MGF) has released an update.
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Magellan Global Fund (Closed Class) has demonstrated a robust performance, delivering a 28.6% return over the past year and outperforming the MSCI World NTR Index (AUD) by 0.2%. With a focused portfolio of 20-40 high-quality securities, the fund aims to achieve a 9% p.a. net of fees return over the economic cycle, highlighting a strong risk-adjusted return strategy. The fund’s size is AUD $3,414.4 million, with a NAV per unit of $2.2606, and has returned $531.4 million through unit buybacks since inception.
For further insights into AU:MGF stock, check out TipRanks’ Stock Analysis page.