Magellan Asset Management reveals distribution details

Magellan Asset Management (ASX:MHG) has announced the final distribution for the Magellan Global Equities Fund (Currency Hedged) for the period ending December 31, 2024. The distribution is set at 6.61 cents per unit, with important dates including an ex-distribution date on January 2, 2025, and a payment date on January 17, 2025.

Magellan Asset Management's strategic distribution plan

Magellan Asset Management has outlined the final distribution for its Global Equities Fund (Currency Hedged), setting it at 6.61 cents per unit. Key dates have been established, with the ex-distribution date on January 2, 2025, and the payment date on January 17, 2025. The Fund is classified as an Attribution Managed Investment Trust for the current income year, and the Distribution Reinvestment Plan (DRP) will be active, allowing investors to reinvest distributions. The Fund aims for attractive risk-adjusted returns over the medium to long-term, employing a strategy that includes intensive stock analysis and risk management. The fund invests in 20 to 40 high-quality global stocks with hedged currency exposure, reflecting its commitment to minimizing risk and achieving sustainable returns.

Executive insights on distribution and fund strategy

The objective of the Fund is to achieve attractive risk-adjusted returns over the medium to long-term while minimizing the risk of permanent capital loss. Our investment approach involves intensive bottom-up stock analysis, industry research, macroeconomic analysis, and a disciplined portfolio and risk management process.