Magellan Financial Group Ltd MFG.ASX

Magellan Financial Group Ltd is a publicly owned investment manager. Founded in 2004, the company has its headquarters in Sydney, Australia, and operates internationally.

Magellan Financial Group offers investors a range of funds in global equities and global listed infrastructure markets around the world. Some of the areas the company has invested in include global stocks that have benefitted from digital consumer platforms, the recovery in US housing and the emergence of a cashless society. In addition to its core funds, Magellan Financial has developed a Magellan Sustainable Fund, which considers ESG risks; the MFG Core Series, which is a range of lower-cost global equity funds; and Magellan FuturePay, an innovative new fund that aims to deliver predictable monthly income that grows with inflation. As of 11 March 2022, the company manages more than 69bn AUD.

Stock for Magellan Financial Group is listed on the Australian Securities Exchange under the ticker MFG. The company’s stock has been listed on the exchange since July 2004. In December 2020, Magellan Financial Group entered into an agreement to purchase 10% of Guzman y Gomez (Holdings) Limited, a quick-service restaurant company, from existing shareholders in a deal for $87m.

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