Brief Multi-Strategy: Magellan Financial Placement – Looks Expensive but Track Record Should Help and more

In this briefing:

  1. Magellan Financial Placement – Looks Expensive but Track Record Should Help

1. Magellan Financial Placement – Looks Expensive but Track Record Should Help

Results%20summary

Magellan Financial (MFG AU) plans to raise upto US$186m (A$275m) to fund additional costs related to the offering of its new trust as well as for development of new products. 

The stock has more than doubled since the start of the year on the back of robust inflows. However, analysts remain overwhelmingly negative and the recent results might not change that.

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