Magellan Financial Group’s global equities strategy is enduring a two-year stretch of severe relative underperformance, easily the worst since its inception 14½ years ago. The flagship global fund now lags its benchmark over every single time period from three months to 10 years.
Magellan’s share price is also down 48 per cent in 12 months.
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Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news
