In 2022, concerns about rising interest rates and the Russia-Ukraine war brought fundamentals back into focus, creating numerous opportunities for value investing to generate alpha. Then transitioning to the first half of 2023, that period saw significant performance for growth stocks.
One of Australia’s best-performing funds of 2023 has doubled down on artificial intelligence, which drove shares in the tech giants sky-high last year.
Magellan’s executive chairman Andrew Formica is under pressure from activist investors to return capital to shareholders, while speculation mounts about the funds manager’s future.
Magellan (ASX: MFG) navigates the risk of becoming a takeover target watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.