|Bid Price||GBX 718.50||Offer Price||GBX 754.80|
|Mid Price||-||Day Change||GBX -2.30 (-0.32%)|
|Price Date||20 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||2.21||Fund Size||950,772,246.50|
|Launch Date||03/02/1997||Standard Initial Charge (%)||5.00|
|Annual Management Charge (%)||1.90||Sector||IMA UK Equity Income|
|Min Investment (£)||1,500.00||Total Expense Ratio (%)||2.21|
|ISIN||GB0008377474||Min TopUp (£)||1,000.00|
The fund aims to achieve long-term capital appreciation by investing internationally in a focused portfolio of equities. The Scheme will invest primarily in equities, cash and near cash. Magellan’s investment philosophy is to find outstanding companies at attractive prices whilst maintaining a fundamental understanding of the wider macroeconomic environment, enabling them to effectively manage risk within the portfolio.
Hamish Douglass is Co-Founder, Chief Executive Officer and Chief Investment Officer of Magellan Financial Group, and Lead Portfolio Manager of MFG Asset Management’s Global Equity strategies. Prior to MFG Asset Management, Hamish was Co-Head of Global Banking for Deutsche Bank AG in Australia and New Zealand. Hamish is a former member of the Australian Government’s Financial Literacy Board, the Australian Government’s Takeovers Panel, the Australian Government’s Foreign Investment Review Board and the Forum of Young Global Leaders – World Economic Forum. Hamish is a member of Magellan's Investment Committee.