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Bell Potter LIC Weekly: Magellan Consolidation Worth $15.6b

Bell Potter analyst William Gormly updates developments in the LIC market where Magellan has announced a proposed series of transactions, which will have the effect of consolidating its three existing Global Equities retail funds.

Magellan Asset Management Limited has announced a proposed series of transactions, which will have the effect of consolidating its three existing Global Equities retail funds. This includes the $11.6b flagship unlisted Magellan Global Fund (MGF), the $2.3b active exchange-traded Magellan Global Equities Fund (MGE) and the $1.7b Magellan Global Trust (MGG).

For full details refer to the detailed report below or click here to download your copy.

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