AdviserVoiceHamish Douglass Archives - AdviserVoice https://www.adviservoice.com.au/tag/hamish-douglass/ Financial planner information & financial planner education/CPD - AdviserVoice Mon, 03 Aug 2026 21:15:16 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 Magellan Financial Group Limited launch of Magellan Group Trust https://www.adviservoice.com.au/2017/08/magellan-financial-group-limited-launch-magellan-group-trust/ https://www.adviservoice.com.au/2017/08/magellan-financial-group-limited-launch-magellan-group-trust/#respond Wed, 09 Aug 2017 21:45:23 +0000 https://adviservoice.com.au/?p=50605 Magellan Financial Group Limited (“Magellan”) is pleased to announce it intends to undertake an initial public offering (“Offer”) for ordinary units (“Units”) in a new ASX-listed investment trust, the Magellan Global Trust.

The Magellan Global Trust will invest in a focussed portfolio of high quality global companies and intends to target a 4% cash distribution yield. Magellan Asset Management Limited (“MAM”) will be the investment manager and act as the responsible entity. MAM will draw upon its deep investment expertise in global equities (with over 30 investment analysts), with Hamish Douglass and Stefan Marcionetti acting as the portfolio managers.

The Offer will comprise a priority offer and a broker firm/general public offer. The priority offer is to be made to approximately 250,000 to 300,000 underlying Magellan shareholders and investors in Magellan retail strategies. The priority offer will offer eligible applicants a valuable loyalty reward of additional Units worth 6.25% of the value of Units allotted to them under the priority offer (further details are set out below). The one-off cost of the loyalty reward will be paid for by Magellan.

Magellan will also pay all the costs of the Offer in cash so that the opening cash net asset value per Unit is equal to the application price of $1.50 per Unit.

Mr Hamish Douglass, CEO and Chief Investment Officer, said today: “We believe that the Magellan Global Trust will be an attractive vehicle for investors making an investment in global equities. We believe that many retail investors value regular cash distributions and this has been missing in many global equity products. We consider that the target 4% cash distribution yield differentiates this offering from many other global equity products.”

“We have sought to align the interests of investors with those of Magellan. We are picking up all of the costs of the Offer so that the opening cash net asset value per Unit is equal to the cash paid by investors and we are putting in place an attractive distribution reinvestment plan with a 5% discount in respect of the cash distribution. The amount of the discount will be paid for by Magellan.”

“We also deeply value the support we have received from our many investors and shareholders. As a sign of our appreciation we are delighted to offer our supporters a valuable loyalty reward worth 6.25% of the value of Units allotted to them under the priority offer. The full amount of the loyalty reward will be paid for by Magellan.”

]]> Magellan Financial Group Limited (“Magellan”) is pleased to announce it intends to undertake an initial public offering (“Offer”) for ordinary units (“Units”) in a new ASX-listed investment trust, the Magellan Global Trust.

The Magellan Global Trust will invest in a focussed portfolio of high quality global companies and intends to target a 4% cash distribution yield. Magellan Asset Management Limited (“MAM”) will be the investment manager and act as the responsible entity. MAM will draw upon its deep investment expertise in global equities (with over 30 investment analysts), with Hamish Douglass and Stefan Marcionetti acting as the portfolio managers.

The Offer will comprise a priority offer and a broker firm/general public offer. The priority offer is to be made to approximately 250,000 to 300,000 underlying Magellan shareholders and investors in Magellan retail strategies. The priority offer will offer eligible applicants a valuable loyalty reward of additional Units worth 6.25% of the value of Units allotted to them under the priority offer (further details are set out below). The one-off cost of the loyalty reward will be paid for by Magellan.

Magellan will also pay all the costs of the Offer in cash so that the opening cash net asset value per Unit is equal to the application price of $1.50 per Unit.

Mr Hamish Douglass, CEO and Chief Investment Officer, said today: “We believe that the Magellan Global Trust will be an attractive vehicle for investors making an investment in global equities. We believe that many retail investors value regular cash distributions and this has been missing in many global equity products. We consider that the target 4% cash distribution yield differentiates this offering from many other global equity products.”

“We have sought to align the interests of investors with those of Magellan. We are picking up all of the costs of the Offer so that the opening cash net asset value per Unit is equal to the cash paid by investors and we are putting in place an attractive distribution reinvestment plan with a 5% discount in respect of the cash distribution. The amount of the discount will be paid for by Magellan.”

“We also deeply value the support we have received from our many investors and shareholders. As a sign of our appreciation we are delighted to offer our supporters a valuable loyalty reward worth 6.25% of the value of Units allotted to them under the priority offer. The full amount of the loyalty reward will be paid for by Magellan.”

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]]> https://www.adviservoice.com.au/2017/08/magellan-financial-group-limited-launch-magellan-group-trust/feed/ 0 Magellan pioneers new class of exchange traded managed funds https://www.adviservoice.com.au/2015/02/magellan-pioneers-new-class-exchange-traded-managed-funds/ https://www.adviservoice.com.au/2015/02/magellan-pioneers-new-class-exchange-traded-managed-funds/#respond Wed, 25 Feb 2015 20:40:37 +0000 https://adviservoice.com.au/?p=35656

Magellan Financial Group Limited (‘Magellan’), the international investment management company, announced yesterday that it is launching an ASX-quoted version of its successful unlisted Magellan Global Fund, which has returned over 18% per annum net of fees over the past five years. The new Magellan Global Equities Fund (‘the Fund’) will be quoted on the ASX AQUA platform on 5 March 2015 under the ticker MGE.

The Fund is at the forefront of a new class of exchange traded managed funds which are currently being pursued by fund managers around the world. Its features and benefits include:
  • Ability to buy and sell units on the ASX and settle via CHESS, avoiding the administrative complexities associated with investing in unlisted funds;
  • Access to live and transparent market pricing, which is unavailable for unlisted funds;
  • Active management, unlike exchange traded funds (ETFs) which are passively managed or index linked;
  • More efficient pricing and higher liquidity than listed investment companies; and
  • A tight price range around net asset value, with the Fund acting as market maker and assisting with providing liquidity.
Hamish Douglass, Magellan’s CEO and Chief Investment Officer, said: ‘We believe the Magellan Global Equities Fund is at the leading edge of exchange traded managed funds with a disclosure regime that balances investors’ need for transparency, with fund managers’ need to protect their intellectual property, and investors’ desires to transact in real time. This has been regarded as the ‘holy grail’ by fund managers globally, who have watched the rapid growth of ETFs but have been reluctant under previous regulatory requirements to disclose their portfolio details on a daily basis.
‘The success of the current generation of ETFs globally points to the likely rapid growth in the next generation of ETMFs as the needs of investors, regulators and fund managers find an appropriate equilibrium.
‘The Magellan Global Equities Fund will provide Australian investors with a new and simple way to gain exposure to Magellan’s successful high quality, low volatility actively managed global equities strategy. It will give them access to live market pricing and the ability to buy and sell the Fund’s units in the secondary market in the same way, and with the same ease, as any ASX-listed security.’
Magellan’s Executive Chairman, Dr Brett Cairns said, ‘We believe our new Fund will be particularly attractive to the large and growing self-managed superannuation fund (SMSF) sector allowing them to better balance their asset allocations.
‘The SMSF sector now has over A$560 billion of funds under management and recent data from the Australian Taxation Office highlights that SMSF trustees (and retail investors alike) are too reliant on Australian equities and cash, arguably as a result of the ease of access to these asset classes. This low weighting in international securities consequently reduces their options for capital growth and diversification. Many of these investors typically do not invest in unlisted funds due to the extra burden of the application process and lack of live market pricing.
‘The Fund reflects investors’ increasing demand for exchange traded products, and being open-ended will enable investors to invest in an actively managed fund without the liquidity and pricing issues often associated with closed-ended listed investment companies.
‘ETFs are the fastest growing segment of the global funds management market; their funds under management have grown by an average of 24% per annum over the past 10 years and currently total US$2.8 trillion. Actively managed ETFs, which are predominately in fixed income, account for less than 1% of assets under management of ETFs globally which we believe reflects existing overseas disclosure regimes. In our view, it is likely that the next generation of ETMFs will solve the disclosure issue and experience rapid growth in the coming years,’ said Dr Cairns.
The new Magellan Global Equities Fund will be an ASX-quoted version of Magellan’s successful unlisted Magellan Global Fund. The Magellan Global Fund currently has funds under management of more than A$7 billion and has returned more than 18% per annum net of fees over the past five years, outperforming its benchmark by 4.6 percentage points.
Magellan will seed the new fund with A$50 million.

 

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Magellan Financial Group Limited (‘Magellan’), the international investment management company, announced yesterday that it is launching an ASX-quoted version of its successful unlisted Magellan Global Fund, which has returned over 18% per annum net of fees over the past five years. The new Magellan Global Equities Fund (‘the Fund’) will be quoted on the ASX AQUA platform on 5 March 2015 under the ticker MGE.

The Fund is at the forefront of a new class of exchange traded managed funds which are currently being pursued by fund managers around the world. Its features and benefits include:
  • Ability to buy and sell units on the ASX and settle via CHESS, avoiding the administrative complexities associated with investing in unlisted funds;
  • Access to live and transparent market pricing, which is unavailable for unlisted funds;
  • Active management, unlike exchange traded funds (ETFs) which are passively managed or index linked;
  • More efficient pricing and higher liquidity than listed investment companies; and
  • A tight price range around net asset value, with the Fund acting as market maker and assisting with providing liquidity.
Hamish Douglass, Magellan’s CEO and Chief Investment Officer, said: ‘We believe the Magellan Global Equities Fund is at the leading edge of exchange traded managed funds with a disclosure regime that balances investors’ need for transparency, with fund managers’ need to protect their intellectual property, and investors’ desires to transact in real time. This has been regarded as the ‘holy grail’ by fund managers globally, who have watched the rapid growth of ETFs but have been reluctant under previous regulatory requirements to disclose their portfolio details on a daily basis.
‘The success of the current generation of ETFs globally points to the likely rapid growth in the next generation of ETMFs as the needs of investors, regulators and fund managers find an appropriate equilibrium.
‘The Magellan Global Equities Fund will provide Australian investors with a new and simple way to gain exposure to Magellan’s successful high quality, low volatility actively managed global equities strategy. It will give them access to live market pricing and the ability to buy and sell the Fund’s units in the secondary market in the same way, and with the same ease, as any ASX-listed security.’
Magellan’s Executive Chairman, Dr Brett Cairns said, ‘We believe our new Fund will be particularly attractive to the large and growing self-managed superannuation fund (SMSF) sector allowing them to better balance their asset allocations.
‘The SMSF sector now has over A$560 billion of funds under management and recent data from the Australian Taxation Office highlights that SMSF trustees (and retail investors alike) are too reliant on Australian equities and cash, arguably as a result of the ease of access to these asset classes. This low weighting in international securities consequently reduces their options for capital growth and diversification. Many of these investors typically do not invest in unlisted funds due to the extra burden of the application process and lack of live market pricing.
‘The Fund reflects investors’ increasing demand for exchange traded products, and being open-ended will enable investors to invest in an actively managed fund without the liquidity and pricing issues often associated with closed-ended listed investment companies.
‘ETFs are the fastest growing segment of the global funds management market; their funds under management have grown by an average of 24% per annum over the past 10 years and currently total US$2.8 trillion. Actively managed ETFs, which are predominately in fixed income, account for less than 1% of assets under management of ETFs globally which we believe reflects existing overseas disclosure regimes. In our view, it is likely that the next generation of ETMFs will solve the disclosure issue and experience rapid growth in the coming years,’ said Dr Cairns.
The new Magellan Global Equities Fund will be an ASX-quoted version of Magellan’s successful unlisted Magellan Global Fund. The Magellan Global Fund currently has funds under management of more than A$7 billion and has returned more than 18% per annum net of fees over the past five years, outperforming its benchmark by 4.6 percentage points.
Magellan will seed the new fund with A$50 million.

 

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