Magellan launches flagship global equities fund
Magellan Financial Group (MFG) is to launch its Magellan Flagship Fund (MFF) today, which is expected to become Australia’s largest global equities fund on listing next month.
The fund, which will target 50 investments globally, aims to list on the Australian stock exchange on December 12 in a $378 million float.
MFG is chaired by Chris Mackay, former UBS head of investment banking in Australia, and Hamish Douglass, former head of mergers and acquisitions at Deutsche Bank in Australia.
Cornerstone partners in the Magellan venture include the Packer family’s Consolidated Press, Naomi Milgrom, who runs and owns the Sussan Group, and Simon Leversha, former managing director of Citadel Investments.
The MFF fund is intended to be the first of several other global funds to be introduced by MFG focusing on the infrastructure and financial services sectors, among others,
Recommended for you
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
Flows into Australasian sustainable funds have moved back into outflow territory in the second quarter of 2025 driven by US$400 million in redemptions from passive funds.
