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ASX200 afternoon wrap 22nd of March 2022

ASX200 afternoon wrap 22nd of March 2022
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Morningstar bets on active fund managers

As market sell-offs continue to pummel ASX-listed active fund managers, Morningstar is betting big that Pendal, Magellan, Pinnacle and Platinum will deliver past the short-term noise.

Fund managers are being underestimated by the market, says Morningstar

Magellan’s share price and that of its peers reflects an “unduly bearish outlook”, according to the research house. Following recent volatility in equity markets and falling share prices for l

Magellan launches buyback of up to 10m shares

Magellan is launching a share buyback of up to 10 million ordinary fully paid shares. In an ASX listing on Wednesday, Magellan confirmed it is launching an on-market share buyback of up to 10 millio

We will only be trusted if we deserve to be trusted : Magellan to re-build adviser relationships

After posting record H1 results – and confident Hamish Douglass will return soon – the group has turned its focus to strengthening ties with advisers who have lost confidence in the investment manager.

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