February 15, 2022

Bringing balance to Magellan

GIVEN THE recent many articles on Magellan and Hamish Douglass, we at Genesis believe it prudent to confirm our position on this fund manager as it has been a key holding in many of our client portfolios.

With any mainstream media news it is important to ensure it is trustworthy and will enhance our forward portfolio decision making.  The recent Magellan articles paint a very negative short term picture, but, in our view, fail to provide a balanced long term view of the business itself, the Magellan funds management process and the direct impact on one’s personal portfolio.  It is for these reasons that we believe we should remain patient to ensure preservation and growth in your capital for the long term.

To provide some balance to the media commentary and aid your understanding of the situation, we have included a Morningstar video dissecting the matters being raised.

Click here to view: MORNINGSTAR on MAGELLAN 

Genesis generally constructs portfolios with a long term investment view and we believe a hold strategy on Magellan is the most suitable course of action at this time.  Our internal and external investment teams will continue to directly liaise with Magellan and monitor the situation.

This information is general advice only and does not take into account your personal circumstances, goals and objectives. Therefore, you should consider its appropriateness for your circumstances before acting on this information.  

For strategic advice tailored to your personal situation, please reach out: info@genesisfp.com.au.

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