Our aim is to provide thought-provoking investment insights and access to information to help understand where we believe the world's best investment opportunities lie.
Our aim is to provide thought-provoking investment insights and access to information to help understand where we believe the world's best investment opportunities lie.
Magellan's Hamish Douglass and Platinum's Andrew Clifford sit down at Livewire Live to discuss investments, interest rates, the rise of the Chinese consumer and where they see the world 10 years from now. (Viewing time: 44 min)
Their autonomy will prove superfluous in a low-inflation, stagnant world.
Hamish Douglass talks to nabtrade about the Chinese-US power struggle causing such uncertainty, the inverted yield curve and other topical investment matters, plus explains why Microsoft and LVMH are found in the Magellan High Conviction Fund. (Viewing time: 18 min)
Such are the prospects for mainstream acceptance for something like Facebook’s Libra. But the hurdles are daunting too.
Magellan’s investment edge comes from finding quality businesses that stand the test of time.
Insights gathered from years of investing include thoughts on how to find the right investments, how to let investments work for you, risk management and the best temperament to have when investing.
The view that infrastructure and utility stocks are yield plays is mistaken because these stocks offer growth in addition to income. And that growth is often favourably priced.
Global politics is at its most unstable since 1945 because the West’s main competitors see the norms of the rules-based international order as threats to their regimes and as barriers to their ambitions.
Starbucks is the world’s largest chain of specialty coffee houses, catering to 100 million visits a week. Kevin Johnson is CEO of the company that earned revenue of US$25 billion in 2018. He spoke with Magellan’s Rosie Malcolm, the investment analyst who covers Starbucks.
It matters that the market is misjudging the interest rate to use for long-term valuation purposes.
Emma Kirk, Key Account Manager, talks with Hamish Douglass, Chairman and Chief Investment Officer, and Brett Cairns, Chief Executive Officer
Hamish Douglass, the Portfolio Manager of the Global Equities Strategy, talks about the aims, process and risk controls behind the successful investment approach.
To be a successful long-term investor, you need to overcome the biases that lead to poor decisions.
When we frame our outlook for global equities around the prospects for their three main drivers, we see the risks as finely balanced.
And why that matters for stock selection – in particular, the mix between defensive and growth stocks. (Viewing time: 12 min)
And why, even after recent rises, infrastructure valuations are still reasonable. (Viewing time: 10 min)
Its business model benefits from a more cashless world while being hard to disrupt.
A US electricity utility formed from a merger to save customers money.
Magellan’s Hamish Douglass recently had a ‘fireside chat’ with Morningstar’s Tim Murphy. The topics covered included Hamish’s views on investment markets, the secrets of setting up a successful business and the mistakes made along the way. (Viewing time: 46 min)
Hamish Douglass talks with the AFR’s Tony Boyd about the trade war, Brexit, market volatility and how to identify what's relevant and what's noise. (Viewing time: 26 min)
Magellan’s Head of Infrastructure Gerald Stack talks about why infrastructure and utility stocks offer growth as well as income returns. (Viewing time: 51 min)
The telling blow is the damage wrought on local newspapers.
The response in time is likely to be more regulation.
It has been a turbulent time for Facebook over the past year, to say the very least. But where to now for the social media giant? Hamish Douglass gives Informed Investor his thoughts on the subject.
Hamish Douglass, CIO and Lead Portfolio Manager at Magellan, talks about why the risk that the Federal Reserve will boost US interest rates is abating and discusses the forces that have turned consumer staples into riskier plays.
Ofer Karliner, Portfolio Manager in the Infrastructure team at Magellan, discusses what the higher interest rates mean for infrastructure stocks, how climate change is a risk for utilities and the place of dividends in portfolio returns.
They are the China-US showdown and US monetary policy.
Hamish Douglass shares his thoughts with Informed Investor about where we are currently placed in the economic cycle.
Today, airports around the world collectively cater for more than four billion passengers annually, with growth driven by the expansion of the middle class combined with the declining cost of air travel. For most investors, the listed market is the only way to gain access to the airport infrastructure that has underpinned this growth.
"In today's modern world, people are either asleep or connected." - Janice Reinold, Rosetta Marketing
Investors who can see the benefits of holding global infrastructure assets face an early decision; choosing between listed and unlisted infrastructure assets.
We often observe generalist market commentators suggesting that the share prices for toll roads and infrastructure stocks are stretched. Analysis of these conclusions suggest that they are underpinned by crude valuation measures that fail to account for the unique characteristics of these assets. In this note, we talk about our approach to valuing toll roads and how it differs from approaches that are often applied to valuing equities.
Regulated utilities are known for their ability to generate predictable returns regardless of market conditions.
For this reason, we often describe utility stocks as the ‘lead in the keel’ of our infrastructure portfolios. They allow us to navigate volatile global equity markets with confidence.
An ASX-listed toll road company with foreign assets.
The force behind the KFC, Pizza Hut and Taco Bell fast-food juggernauts.
Magellan's Hamish Douglass and Platinum's Andrew Clifford sit down with Livewire's James Marlay to discuss their investment philosophies, current market conditions and the challenges that lie ahead. To listen to the full podcast click here. To read the video transcript click here.
Hamish Douglass and Andrew Clifford take the opportunity to ask each other a question about investing. To listen to the full podcast click here. To read the video transcript click here.
But security and political concerns could delay, distort and add costs to its deployment.
Hamish Douglass, Chairman, CIO and Lead Portfolio Manager of the Magellan Global Trust (MGG) gives us an update on the Fund and his outlook for 2019. (Viewing time: 6 min)
Favourable economics and greater security foster the sharing of remote IT resources. The practice is largely controversy free.
But the social costs tied to amateur online gaming could hamper their growth.
Delivering consistent and attractive long-term returns thanks to a long-term efficiency drive.
Gerald Stack, Head of Investments and Head of Infrastructure, discusses a number of geopolitical risks and how he positions the fund to protect capital in these volatile markets. (Full viewing time: 9min)
Hamish Douglass talks to Nabtrade about his 4 international quality stock ideas. (Recorded December 2018, viewing time: 11 min)
Magellan’s Hamish Douglass shares his six simple guiding principles for investors wanting to gain exposure to international equities. (Viewing time: 14 min)
The software giant in the Nadella era is strengthening its hold on the business world.
Netwealth Portfolio Construction Podcast: A deep-dive on infrastructure investing with Ofer Karliner, Magellan Asset Management. Discover what infrastructure investing is, its benefits for a portfolio and when we should expect driverless cars on our roads.
Vihari Ross, Head of Research discusses Market volatility with Emma Wall from Morningstar.
Another eurosceptic and indebted country is testing Brussels’s power over the eurozone project.
Michael Morell shares highlights from his distinguished 33 year career in US intelligence and foreign policy, including his integral role in the fight against terrorism. He provides unparalleled insight into China, Russia and the current state of US politics. (Full viewing time: 34min)
In his annual address, Hamish Douglass discusses the key global threats that we need to watch out for, Magellan's performance over the past decade and stocks he believes are well positioned to benefit from global tailwinds. (Full viewing time: 64min)
Stocks are vulnerable if interest rates rise much faster than expected on inflation concerns.
Hamish addresses the most commonly asked questions from advisers following Magellan’s annual roadshow. (Viewing time: 15 min)
They want to inject themselves between banks and their customers in the most profitable areas.
The analysis has three prongs. Only one would console the UK – but with a twist.
Off the back of winning the Zenith Investment Partners Fund Award for Infrastructure*, Gerald Stack discusses a number of key themes in the portfolio at present. He puts a spotlight on Transurban’s recent successful bid for Sydney’s WestConnex, discusses in detail what the Morandi Bridge collapse in Genoa could mean for Atlantia and also explains his concerns around UK utilities and the risks associated with a possible snap election if one were called.
The consumer-goods multi-national thinks health brands will help in a disruptive world.
The natural gas company stands out because its high earnings growth is unusual for a utility.
Six challenges, however, are testing the effectiveness of their emotional pitches.
For the first time, you will have the opportunity to hear from and question the Fund’s portfolio managers, Hamish Douglass and Chris Wheldon.
Digital ledgers promise less-landmark innovation but benefits aplenty for the regulated world – if aptly used.
A new shareholder is driving a challenge to The Home Depot’s No. 1 ranking in the US home-improvement market
The company is aéroports de Paris at its core
The past 12 months have seen a myriad of geopolitical issues from Trump policies to Brexit and various European elections. Gerald Stack, Head of Investments and Head of Infrastructure, discusses what concerns him most looking forward and how he’s protecting his portfolio accordingly.
With US / China trade agitations in the headlines, hear from Hamish Douglass, Magellan’s CEO and CIO, as to how he views various scenarios playing out and what the likely impacts could be on markets.
It will help China in its quest to gain AI supremacy over the US.
But foreign companies face new political risks when pursuing Chinese consumers.
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The concern is that the political ramifications might nullify automation’s economic benefits for society.
Hamish Douglass, Magellan’s CEO and CIO, discusses and dismantles some perceptions in the market around the recent performance, and why its incorrect to view our Global Strategy as US centric.
The largest US hospital chain is hard to disrupt
Rising US interest rates have caused the infrastructure sector to lag during the quarter.
Listen to Hamish Douglass, Magellan’s CEO and CIO, share his views on the FAANGs, in particular the unfolding Facebook and the Cambridge Analytica situation.
But Big Data’s complexities prevent society gaining the full benefit from information collected in cyberspace.
But no major societal change occurs without ripples, risks or controversy as the rise of cryptocurrencies shows.
The danger is that US fiscal stimulus could fan inflation and lead to higher-than-expected interest rates
Yet most of the tech giants are still attractively priced.
Elysse Morgan from the ABC interviews Hamish Douglass, CEO of Magellan, on the day of the company's results.
Inflation has not been a concern of late for investors. But rising prices could become an issue once again given that the US economy is at full employment levels and still growing strongly.
Reflecting on the year that was, Hamish Douglass, CEO, CIO and Lead Portfolio Manager outlines how the Global Strategy performed strongly without the need to reach for risk. Looking into 2018, he shares his views on the US tax changes and on perceived tech bubbles and valuations in that sector.
Gerald Stack, Head of Investments and Head of Infrastructure, explains how Magellan’s definition of Infrastructure served the strategy well in 2017. Looking forward, he discusses why the impending US tax changes will have limited impact on his portfolio, but reminds investors what to look out for when investing in the asset class, with a particular focus on sovereign issues.
Cafés offering personalised choice that have gone global
But the ‘Amazon effect’ has been less disruptive at an economy-wide level.
Pressure is mounting on the digital platforms to better police inappropriate content.
A leaner consumer brands giant is looking to expand under the management of a Brazilian private-equity group.
Sometimes the winners and losers from disruption aren’t obvious
Hamish Douglass talks to Livewire about his biggest influences and what he perceives as the most impactful trends driving his investment strategy today. Livewire commented, “You really get the sense that he's a man on a mission, who despite his success still has a genuine passion for his craft.”
Having managed the Magellan Global Fund through a decade of volatility, join Hamish Douglass CEO, CIO and Lead Portfolio Manager, as he looks at the next 10 years and gives his opinion on where the best investment opportunities might lie.
Live from The Westin, Sydney - September 2017
The infrastructure team discusses current portfolio positioning and what affect tech disruptions could have on toll roads and if utilities.
Why the industrial internet will reverse globalisation
The question is how quickly they become mainstream. There are many challenges.
Q&A with Hamish Douglass, Lead Portfolio Manager of the Magellan Global Fund, on the first 10 years of the fund.
Hamish Douglass, the Lead Portfolio Manager of Global, discusses the best and worst investments of the past decade and why you can’t judge country exposure on where stocks are listed.
Hamish Douglass, Lead Portfolio Manager for Global, on why technological advancements might disrupt the two premises on which passive investing is based.
Hamish Douglass, the CEO, CIO and Lead Portfolio Manager (Global), discusses why rising tech stocks are still well priced, the strategy driving Amazon's purchase of Whole Foods and what it means for other retailers.
Portfolio Manager Gerald Stack discusses the role that sovereign risk plays when selecting infrastructure stocks and US President Donald Trump's proposed plans for infrastructure.
The worth of the internet will be at stake if systems can’t be protected to the point the public lose confidence.
Regulated utilities are known for their ability to generate moderate but predictable returns regardless of market conditions.
The world’s core social platform keeps getting bigger on key measurements such as user numbers and time on site.
The company is more than a seller of devices such as the iPhone. It’s about the services you access through them.
Its core asset is Google. There’s more to the company than that including self-driving cars and secretive ‘moonshot’ programs.
The move towards a cashless world is helping a company with 3.1 billion cardholders.
Microsoft is a household name. But it’s the company’s dominance of the business world that matters.
The link between interest rates and infrastructure stocks in the long run is much looser than many people think.
These threats could disrupt markets and portfolios not focussed on preserving wealth.
10 years on from Magellan's inception, Hamish Douglass CEO, CIO and Lead Portfolio Manager, will offer his insights into what he believes will shape investing in the coming decade and thereafter.
The forces behind the growth in air travel are what make airport operators worthwhile investments.
The company’s brainwave was to invest a way to buy over the internet without handing over credit-card details with every purchase.
Here are 11 things to remember when trying to generate competitive returns while protecting capital.
Make sense of the global investment landscape with timely updates, articles and videos from our investment experts.
