Magellan Global Fund Units (AU:MGF) has released an update.
Magellan Global Fund (Closed Class) reported mixed performance against the MSCI World NTR Index, with a long-term aim to deliver 9% p.a. net of fees. Despite a challenging market, the fund saw positive contributions from holdings like Netflix and Microsoft, while Intuit was a notable detractor. The fund’s strategy focuses on high-quality securities and aims for strong risk-adjusted returns, with an emphasis on reducing the risk of permanent capital loss.
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