Retail investors gain access to Airlie Australian Share strategy
Magellan Asset Management has announced the launch of a retail version of the Airlie Australian Share Fund, a specialised Australian equities strategy that was previously only available to institutional and high net worth investors.
Magellan is the issuer and responsible entity of the fund, which is run by portfolio managers Matt Williams and Emma Goodsell.
Airlie Australian Share is a concentrated active portfolio of typically 25 hand-picked Australian listed companies or Airlie's “best ideas,” Magellan said, and is benchmarked to the S&P/ASX 200.
Airlie said its partnership with Magellan combined the former’s experience in Australian equities with the latter’s considerable expertise in operating and distributing retail funds for Australian investors.
The manager said the fund employed a “prudent, common-sense investment approach that identifies companies based on their financial strength, attractive durable business characteristics, and the quality of their management teams”.
Airlie said it invests in these companies when its view of their fair value exceeds the prevailing market price.
Recommended for you
Magellan has closed out the financial year with funds under management approaching $40 billion and outlined its estimated performance fees.
First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years.
Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo.
AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business.
