Magellan: Resilient portfolios through global investing

Prior to the financial crises, the ASX 200 had outperformed the MSCI World. However post-crisis, this has since changed with the ASX 200 underperforming global markets.  


Why is this the case?


This is because the Australian market is very skewed. Investing in the ASX means you’re making two concentrated bets; one on China driven by resources, and the other on the domestic economy driven by financials. What this means is potentially missing out on attractive opportunities in areas like consumer goods and IT.


Outstanding companies are those that are sustainably able to exploit competitive advantages in order to earn attractive returns on capital. Magellan believes that a portfolio of these businesses purchased at a discount to their intrinsic value, is the best way to achieve their objectives of generating attractive risk-adjusted returns over the medium to long-term.


In the presentation below, Stefan shares with you his checklist for selecting high-quality companies, the two biggest risks he sees in the market today, and how he has positioned his portfolio accordingly.

Access the slides here

1 stock mentioned

Magellan was formed in 2006 by Hamish Douglass and Chris Mackay, two of Australia’s leading investment professionals. The company specialises in global equity and listed infrastructure assets.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment