About us

We are experts in global investing and invest in the world’s best companies to grow and safeguard the wealth of our clients

Who is Magellan

The key question we ask ourselves is: "What does the future look like?"

Magellan was formed in 2006 to generate attractive returns for clients by investing in global equities and global listed infrastructure while minimising the risk of permanent capital loss.

Since then, we have developed a track record for creating and safeguarding wealth for our investors. We have done this by investing in high-quality global stocks that benefited from the rise of the emerging consumer, the coming of the cashless society, the recovery in US housing, the dominance of business software giants and the arrival of digital consumer platforms, to name just some key themes of the past decade. We know that over the next decade different themes will prevail. When investing the key question we ask ourselves is: “What does the future look like?”

Our team of 26* highly qualified and experienced investment professionals manages more than A$35 billion* in global equity and infrastructure strategies for clients based around the world. Our team has received multiple industry awards and is a highly rated fund manager of global equities and global listed infrastructure, in Australia and overseas.

To help meet the needs of our clients, we recently developed sustainable strategies and pioneered a paperless way to invest in active global equities on the ASX. You can do this via our global equities and global infrastructure active exchange-traded funds (Active ETFs).

Magellan was founded in 2006 by Hamish Douglass and Chris Mackay and has offices in Australia, New Zealand and the US. We are a wholly owned subsidiary of Magellan Financial Group, which is one of the top-200 stocks by market value on the ASX.

*As at 30 November 2023.

At Magellan, we believe that successful investing is about finding, and owning for the long term, companies that can generate excess returns on capital for years to come.

We do not look for stocks that might come into short-term favour on stock markets.

The worthwhile companies to own for the long term will generally possess some form of Warren Buffett's fabled 'economic moat'. This term is how Buffett describes a company's sustainable advantage over competitors that enable a business to earn superior returns that are well above the cost of capital. The pick of these high-quality companies can expand their businesses in the same profitable fashion.

We seek to own such stocks and let compound returns work their magic over time. Even a return on capital that is just a few percentage points higher than that delivered by competitors will create vastly more shareholder value as years go by.

Our investment team seeks to find such stocks by conducting company analysis that we like to think is 'an inch wide and a mile deep'.

On top of that, we conduct macroeconomic analysis and risk management to construct portfolios that aim to generate attractive returns over the medium to long term. Importantly, we seek to invest in a way that reduces the risk of permanent capital loss.

Since we started, our award-winning and highly rated global and infrastructure strategies have delivered attractive returns for clients.


  • video-insights

    Invest in essential services with infrastructure assets

    Ben McVicar, CFA, Portfolio Manager, speaks with Jacinta King, ASX, about the Magellan Infrastructure Fund (ASX:MICH), the impact of higher interest rates on infrastructure assets and how their definition of infrastructure informs their investment decisions. (Listening time: 15 mins) 

  • global-infrastructure

    Investing in Rail

    Railroads provide a basic, but critical role for any developed society – they facilitate the connection between producers and consumers of essential goods and support a large section of the economy. The North American rail industry represents one of the world’s oldest and largest collections of transport infrastructure. 

  • global-infrastructure

    Investing in toll roads

    While we tend to think of toll roads as a recent phenomenon, they have been around for thousands of years. Toll roads today are a popular way for cash-strapped governments to raise money and improve the quality of, and reduce the congestion on road networks. Given the huge capital costs (toll roads often cost billions of dollars to build), for most investors the listed market is the only way to gain access to these assets. 

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