We held a Quarterly Business lunch on Wednesday 7th August 2019 at Leonda By the Yarra on the Magellan Global Funds. This topic was extremely popular amongst our clients and their guests, with the session being fully booked.
Our special guest presenter is Stefan Marcionetti who is the Portfolio Manager of the Magellan Global Trust (MGG).
Magellan’s Global Funds continue to perform exceptionally well. The flagship offering of Magellan, the Magellan Global Fund returned 17.6% for the 12-month period ending 31st May 2019, against the Global share market index (MSCI World TR Index) which returned 8.9%. Since inception in 2007, Magellan has been the top performing International Share Trust in Australia returning 11.9% per annum, significantly outperforming the index, which has returned 6.5% per annum over the same period.
In our opinion, Magellan is one of the finest Fund Managers in the world. The Magellan Global Fund invests in a concentrated group of some of the biggest companies in the world. At present, the top 10 holdings of the Fund include well known companies such as Apple, Alphabet (Google), Facebook, Microsoft, Visa, MasterCard and Starbucks.
In Stefan’s presentation, he analysed the current economic cycle, discussed some of the key thematics of Magellan’s Global portfolios including technology and the emerging markets, and also deep dive into a couple of the companies Magellan owns and why.
Many of our clients are investors in the Magellan Global Fund and found this session of great interest and extremely worthwhile. We were very fortunate to have Stefan presenting on the day, looking “under the bonnet” of Magellan’s investment process and stock positions.
The feedback from the attendees was positive with 98.15% rating the relevance/usefulness of the topic as “Excellent”. They also enjoyed a lovely lunch and the opportunity to chat with members of our staff.