Netwealth launches new Magellan AM mandates
Netwealth has added two new mandated strategies from Magellan Asset Management to its global specialist series (GSS) investment range.
Both Magellan GSS Global Equities and GSS Infrastructure Funds, which were based on the same strategy as Magellan’s flagship funds, would offer advisers and investors an active exposure against the backdrop of a sector-focused strategy.
The two funds would be available in Netwealth’s core account option and its plus account option, the firm said.
“Advisers have been asking for a greater range of strategic investment options in our core account offer and hopefully with this addition we have provided them with more options to construct portfolios to meet their client’s needs,” Netwealth’s joint managing director, Matt Heine, said.
Magellan’s general manager of distribution, Frank Casarotti, said that both companies had been working together since 2007 and Magellan had over $1.37 billion funds under management (FUM) on Netwealth’s platforms to date.
The inclusion of the new Magellan GSS products would allow the firm to further support advisers looking to build diversified portfolio solutions for their clients, he added.
AUTHOR
Oksana Patron
Recommended for you
Betashares is to merge its managed account business with InvestSense to form a purpose-built option for financial advisers, forecasting a positive outlook for future industry growth.
With fund managers using ETFs as a way to reach the adviser market with a diversified product range, Betashares has shared how many ETFs were listed and closed during the first half of 2025.
Platinum Asset Management’s head of investment, Douglas Isles, has departed the fund manager after 12 years as the firm reshapes the business amid a merger with L1 Capital.
Investment consultancy Ascalon Capital has looked to research houses for hires, appointing one each from Zenith and Lonsec while Zenith has made an internal promotion.
