Magellan Global Fund (Closed Class) (ASX: MGF) - Discount to the NAV explained

Magellan Asset Management acknowledges unit holder concerns around the persistent discount to Net Asset Value at which the Magellan Global Fund (Closed Class) (ASX: MGF) units are trading. We welcome you to watch the short video below where we candidly discuss the discount and what actions Magellan is taking to address it.


Discussion points:


  1. Initial thoughts on the MGF Trading discount? (00:01:10)
  2. Structural issues with LICs and LITs (00:01:48)
  3. What will it take to close the discount? (00:02:47)
  4. What actions are we taking? (00:04:35)
  5. Why is the discount still persisting? (00:05:49)
  6. Why not convert to open-ended Active ETF? (00:07:12)
  7. When will the options have value? (00:09:00)
  8. Portfolio Manager Nikki Thomas, CFA, on investment performance (00:09:54)
  9. What if the discount persists? (00:12:03)
  10. Portfolio Manager Nikki Thomas, CFA, closing remarks (00:13:26)


To watch a specific topic go the timestamp on the discussion point above.

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