Four Magellan funds list on Chi-X exchange
Four Magellan retail funds, the MFG Core Series and the Magellan Sustainable fund, have been listed on the Chi-X Australia exchange.
The Core series comprised of the MFG Core International fund, MFG Core ESG fund and MFG Core Infrastructure fund, which were all managed funds. They would cover international equities, infrastructure and ESG investments.
Meanwhile, the Sustainable fund, managed by Dom Guiliano, was a high conviction, global equities portfolio that delivered lower carbon factor risk than global markets. Magellan chief executive, Brett Cairns, said the firm had seen “considerable interest” in making its sustainable strategy available to the retail market.
Chi-X said the addition of the Magellan funds would offer a low-cost alternative for those seeking access to Magellan’s research and investment experience.
“We are excited to be the exchange partner of choice for Magellan’s new retail offering. Through the MFG Core Series, investors can now benefit from the investment management expertise of Magellan at a lower cost, accessing international equities, infrastructure and ESG investments.”
Mr Jokovic said ETFs have experienced unprecedented demand over the past 12 months as Australian investors seek access to global growth opportunities, sustainable investments and defensive assets.
“Chi-X Funds continue to experience significant growth and active ETFs have proven to be an important option for investors. We look forward to working with Magellan in making the MFG Core Series and Magellan Sustainable Fund available to Australian investors.” Mr Jokovic said.
AUTHOR
Laura Dew
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