$MFG - MAGELLAN - Performing well

$MFG - MAGELLAN - Performing well

Magellan has been having a good run this year. Might be worth a look for those with more conservative portfolios.

About Magellan

Magellan Financial Group Limited is a fund management company. The Company's objective includes offering international investment funds to high net worth and retail investors in Australia and New Zealand, and institutional investors across the globe. Its segments include Funds Management, Principal Investments and Corporate. The funds management activities of the Company are undertaken by the controlled entities, Magellan Asset Management Limited (MAM) and MFG Services LLC (MFGS). MAM's funds management activities comprise acting as trustee, responsible entity and investment manager for the managed investment schemes offered primarily to Australian and New Zealand investors. MFGS acts as a service company providing MAM with services of investment analysts and distribution personnel based in the United States. The principal investment portfolio comprises its investments in the Australian Stock Exchange (ASX) Quoted Funds, the Unlisted Magellan Funds and the Frontier MFG Funds.

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Ran up 10% but has had a bit of a pull back. See if it finds support and runs again.

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Another nice 30% gain since it was first posted.

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Bought some more @ $56.90 today.

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Magellan has recovered nicely. Up at $66.75

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Up through $75 now post earnings.