Magellan Global Trust (ASX:MGG)

Hamish Douglass
Portfolio Manager
Market Cap (AUD): 2.28B
Sector: Financials
Last Trade (AUD): 0 +0 (+0%)
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1. About

Magellan Global Trust (ASX:MGG) is a listed trust investing in 15 to 35 of the world's best global stocks whilst targeting a 4% cash distribution yield.

Investment philosophy

Magellan seeks to invest in a focussed portfolio of outstanding global companies and seeks to purchase investments when they are trading at a discount to their assessed intrinsic value.

Magellan undertakes extensive fundamental analysis on companies and the industries in which they operate.

Magellan believes that outstanding companies are those that can consistently exploit competitive advantages and earn returns on capital that are in excess of their cost of capital.

Magellan undertakes detailed macroeconomic analysis to manage investment risk. Magellan can invest up to 50% of the Magellan Global Trust's gross assets in cash and cash equivalents.

Magellan focuses on generating attractive absolute returns over the medium to long term. The strategy is benchmark agnostic. It focusses on delivering attractive risk-adjusted returns over the medium to long term while minimising the risk of a permanent capital loss.

The portfolio will typically comprise 15 to 35 investments. The Magellan Global Trust may manage its foreign currency exposure arising from investments in overseas markets.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk