Magellan Hands Flagship Global Equities Funds to Vinva and Slashes Fees

Magellan Financial Group Ltd ( (AU:MFG) ) just unveiled an update.

Magellan Financial Group is overhauling its flagship global equities strategy by shifting the Magellan Global Fund Open Class Active ETF and the Magellan Global Fund Hedged to the Vinva Global Alpha Strategy, while retaining Magellan Asset Management as responsible entity and distributor. The firm will also close the Magellan Global Equities Fund (Currency Hedged), while keeping its Magellan Global Opportunities strategy unchanged under existing portfolio managers.

As part of the move, Magellan is appointing Vinva Investment Management as investment manager for the affected funds, leveraging an existing strategic partnership and Vinva’s systematic global equity capabilities to position the vehicles as core active global allocations. Management fees on the funds are being cut from 1.35% to 0.89% per year with performance fees removed, a change expected to reduce average fees by about 55 basis points, drive roughly $7 million in annual cost savings, and sharpen competitiveness despite anticipated short- to medium-term outflows.

The most recent analyst rating on (AU:MFG) stock is a Sell with a A$8.50 price target. To see the full list of analyst forecasts on Magellan Financial Group Ltd stock, see the AU:MFG Stock Forecast page.

More about Magellan Financial Group Ltd

Magellan Financial Group Ltd is an Australian asset management firm specialising in global equities strategies for institutional and retail investors. The company offers listed and unlisted funds, including active ETFs on the ASX, and has been repositioning its product suite to align with evolving client demand for competitive fees and scalable global equity solutions.

YTD Price Performance: 7.45%

Average Trading Volume: 1,043,718

Technical Sentiment Signal: Buy

Current Market Cap: A$1.9B

For an in-depth examination of MFG stock, go to TipRanks’ Overview page.