Magellan Advantage Global Fund
About this Fund
Fund Detail
| PDS | https://informedinvestor.com.au/view/pds/101019-2022-03-09-17:32.pdf |
| FUND MANAGER | Magellan Asset Management Limited |
| ASX Code | |
| APIR | AMP2080AU |
| ASSET CLASS | GLOBAL EQUITIES |
| INVESTMENT STYLE | The Fund invests in the securities of companies listed on stock exchanges around the world. |
| INVESTMENT PROFILE | The Fund seeks to minimise the risk of permanent capital loss and to achieve superior risk adjusted investment returns over rolling five to seven year periods. |
| CURRENCY MANAGEMENT | Unhedged |
| INCEPTION DATE | 15-01-2016 |
| BENCHMARK | MSCI World Net Total Return A$ Index |
| FUND SIZE | MSCI World Net Total Return A$ Index |
| DISTRIBUTION FREQUENCY | Yearly |
| NO. OF HOLDINGS | 20-40 |
| FEES | 1.10% p.a. |
| STRUCTURE |
Benefits
| Benefits | Benefits of investing in the Advantage Funds rangeThe Advantage Funds range offers access to over 30 quality and popular wholesale funds across all major asset classes at a lower ongoing management fee, from a range of respected fund managers. The Advantage Funds range offers: Great value Leveraging AMP's scale and partnership with fund managers, we're able to offer customers the Advantage Funds range at a lower ongoing management fee than the equivalent wholesale fund. The range offers up to a 25-basis point discount against the equivalent wholesale funds. Quality Like their wholesale equivalents, the funds share the same rating provided by independent research houses. Diversification The range covers all major asset classes. Respected fund managers The range offers best-of-breed fund manager expertise across the asset classes. Availability and portability across North Platform products The range is available across AMP's wrap platforms - MyNorth, North, iAccess and Summit. Units in the Advantage Funds can be internally transferred between these products without selling. Benefits of investing in the Magellan Advantage Global FundInvesting in the Fund offers investors a range of benefits, including:
Risk levelHigh Investor suitabilityThe Fund may be suitable for investors seeking an opportunity to invest in a specialised and focused global equity fund. |
| RISK LEVEL | |
| INVESTOR SUITABILITY |
Risks
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| Detail |
Key Features
About the FundThe primary objectives of the Fund are to achieve attractive risk-adjusted returns over the medium to long-term, while reducing the risk of permanent capital loss. The Fund offers investors an opportunity to invest in a specialised and focused global equity fund. Magellan aims to invest in companies that have sustainable competitive advantages which translate into returns on capital in excess of their cost of capital for a sustained period of time. Magellan endeavours to acquire these companies at discounts to their assessed intrinsic value. The Fund's portfolio will comprise 20 to 40 investments. Magellan believes such a portfolio will achieve sufficient diversification to ensure the Fund is not overly correlated to a single company, or to industry specific or macroeconomic risks. It is not the intention to hedge the foreign currency exposure of the Fund arising from investments in overseas markets. |
Mandate
How we invest your moneyThe Fund offers investors the opportunity to invest in a specialised and focused global equity fund. The Fund invests in the securities of companies listed on stock exchanges around the world, but will also have some exposure to cash. The Fund can use foreign exchange contracts to facilitate settlement of stock purchases and to mitigate currency risk on specific investments within the Fund. It is not the intention to hedge the foreign currency exposure of the Fund arising from investments in overseas markets. Asset allocation
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