Magellan Global Fund’s Performance and Outlook

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

Magellan Global Fund (Closed Class) has reported a mixed financial performance with a 9.2% annualized return since inception, outperforming the MSCI World NTR Index in the short term but trailing behind it over the long term. The fund focuses on a high-conviction portfolio of 20-40 high-quality securities, aiming for 9% p.a. net of fees over the economic cycle. Despite recent market challenges, select companies like Chipotle Mexican Grill have contributed positively to the fund’s returns.

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