![4 stocks with seriously wide moats](/sites/magellan/cache/file/8C2B9519-EE61-465A-BC78588CC3F16F88_medium.png)
Elisa Di Marco, Portfolio Manager of the Magellan Core Global and Core ESG strategies, joins Owen Rask on The Australian Investors Podcast to discuss Stryker (NYSE: SYK), Visa (NYSE: V), Mastercard Inc (NYSE: MA) and Microsoft Corp (NASDAQ: MSFT).
![Take Stock with Nikki Thomas](/sites/magellan/cache/file/A7F42C40-7417-4E67-B001BBA99ACCB0E5_medium.png)
Nikki shares her market outlook, expectations for the August reporting season and the potential impacts of the US election on investment landscapes. (Listening time: 25 mins)
![Stock Story: Stryker](/sites/magellan/cache/file/C6577EDA-BFDC-4B17-B76E95C30DD878A4_medium.jpg)
![Stock Story: National Grid](/sites/magellan/cache/file/19150A4E-6684-47CF-8703C1C07E30E84E_medium.jpg)
Harnessing Opportunity: National Grid’s Strategic Response to Decarbonisation. (Reading time: 4 mins)
![Attention shifting from inflation to the growth outlook](/sites/magellan/cache/file/86E2754D-27E6-4F82-85FAEB948366B2BD_medium.jpg)
Our expectation remains a soft landing, but we outline the main risks investors should watch. (Reading time: 6 mins)
![Year InReview 2024](/sites/magellan/cache/file/B8D4E6E0-5B4A-46E5-85D03A8CFF48A25A_medium.jpg)
Access our latest collection of investment insights on global equities, infrastructure and responsible investing.
![Global Equities Investor Letter](/sites/magellan/cache/file/73157DB8-1655-4EAE-8D150A0997523A58_medium.png)
Despite varying economic cycles, equity markets have achieved impressive gains. Our global equity Portfolio Managers Arvid Streimann, Nikki Thomas and Alan Pullen offer valuable insights into the drivers of these gains and how they are positioning the portfolios to take advantage of emerging growth patterns and industry trends. (Reading time: 10 mins)
![Stock Story: Booking Holdings](/sites/magellan/cache/file/70150326-4F16-4AA8-8B2F70C9DB7BF940_medium.jpg)
![Infrastructure Update - Year In Review 2024](/sites/magellan/cache/file/60EC4E52-999A-480B-BD3FEDA6D45567E9_medium.png)
Please complete the quiz below to receive your CPD hours.
![Beyond Transactions](/sites/magellan/cache/file/D5B7CA36-5A92-4AFC-8B7D093B6C995E63_medium.png)
Visa and Mastercard’s strategic investments in technology are shaping the future of commerce, giving them a competitive edge and driving growth. (Reading time: 4 mins)
![Infrastructure Investor Letter - Year In Review 2024](/sites/magellan/cache/file/3D4CE466-1738-412C-A225F9D4BFB96B4A_medium.jpg)
Magellan’s infrastructure portfolio managers Gerald Stack, Ben McVicar and Ofer Karliner share their insights on the past year and discuss growth potential from renewable energy and economic expansion, despite recent challenges from monetary policy tightening. (Reading time: 12 mins)
![Why you should only focus on your best ideas (and 2 to get you started)](/sites/magellan/cache/file/47BCF6AB-E2A9-47F9-9F28CE0A73F44054_medium.png)
Magellan's Portfolio Manager, Alan Pullen shares his case for concentrated strategies and how he identifies stocks that make their way into his portfolios.
![Buy Hold Sell: 5 mispriced growth stocks](/sites/magellan/cache/file/D33E55FC-F8AF-4825-A9C3E04122EA835D_medium.png)
Magellan's Portfolio Manager, Alan Pullen sits down with livewire to provide his analysis on three global growth stocks and names a company he believes has been undervalued by the market.
![What is AMIT?](/sites/magellan/cache/file/919F942A-76BE-484C-8D021C730757DF2B_medium.png)
The Attribution Managed Investment Trust, also known as the AMIT regime, is a taxation system for eligible managed funds. All Magellan and Airlie funds have elected to be an AMIT.
![Global Equities Update - Year in review 2024](/sites/magellan/cache/file/1FA3E15A-D3B2-4462-807E80B0C9CBDCCF_medium.png)
Please complete the quiz below to receive your CPD hours.
![Global Equities Responsible Investing Update - Year in review 2024](/sites/magellan/cache/file/9EAE3DEA-A687-4C7A-9BEB07D55AE8B497_medium.jpg)
Please complete the quiz below to receive your CPD hours.
![Infrastructure Responsible Investing Update - Year In Review 2024](/sites/magellan/cache/file/F7530BCE-B5E6-4786-807A0019725CBCE5_medium.jpg)
Please complete the quiz below to receive your CPD hours.
![Why invest in global equities](/sites/magellan/cache/file/7DBE28FC-9EE8-4D41-9CC61712AFD8BE52_medium.jpg)
![The asset class that outperforms when the economy doesn't](/sites/magellan/cache/file/9B979C03-BD45-49A4-8F25D68AF7E96B8D_medium.jpg)
In this Views from the Top, Stack outlines the impact of real rates and oil prices on infrastructure returns, shares which types of companies the team typically gravitates to and those they avoid, and shares whether Aussie investors are likely to see continued M&A activity in the space over the coming through months.
![PRI Climate Risk Series (APAC): Metrics and targets](/sites/magellan/cache/file/300A8FFE-3BCA-463D-924EEA9CE7F4953C_medium.png)
Amy Krizanovic discusses the evolution of Magellan’s approach to climate and metrics, guided and supported by investor groups and responsible investment organisations.
![Artificial Intelligence and Human Rights Toolkit](/sites/magellan/cache/file/6F8432E0-8C1D-4357-A9910BC0B3C47478_medium.jpg)
RIAA's Artificial Intelligence and Human Rights Investor Toolkit seeks to enhance the investment community's understanding of the financial and human rights risks associated with AI.
![TechRights Nexus - The intersection of Digital Tech, including AI and Human Rights](/sites/magellan/cache/file/24CF0BEF-681B-4535-847EF2205B30379E_medium.jpg)
Amy Krizanovic, Head of ESG, spoke on the panel at the Responsible Investment Association Australia conference, discussing the Artificial Intelligence and Human Rights toolkit, an essential resource to navigate this critical intersection. (Viewing time: 45 mins)
![Magellan Minutes Series 8](/sites/magellan/cache/file/0ECE7EFE-C106-4B45-838D912DD29DF751_medium.png)
Members of our investment team dissect the markets and take a deeper look into the sectors and stocks that make up our global portfolio. This series is designed to provide you with concise, relevant and digestible talking points on global markets, each approximately 10 minutes.
![Decoding Cognitive Biases: What every Investor needs to be aware of](/sites/magellan/cache/file/394E8FFB-8EAD-4469-A0BD952CAD40324B_medium.png)
Cognitive biases are ‘hard wired’, and we are all liable to take shortcuts, oversimplify complex decisions and be overconfident in our decision-making process. (Reading time: 6 mins)
![Magellan Explains: Long-Term Investing](/sites/magellan/cache/file/5950874B-0E7F-435A-AF3CFDCE3F151594_medium.jpg)
A long-term investment typically means that an investor will hold an investment, such as securities, bonds or exchange-traded funds for at least five years or more on average. Whilst there is no firm time frame of what is considered long-term investing, it requires continuous investment, regardless of market volatility and fluctuating price levels of assets.
![Magellan Explains: Investing in Infrastructure](/sites/magellan/cache/file/D995F1F6-F36D-4F74-B414B0470DE70A80_medium.png)
Investing in infrastructure is about investing in the companies that provide essential services to society and that generate predictable long-term earnings.
![Magellan Explains: Dividends and Distributions](/sites/magellan/cache/file/34AF7B7D-739F-4A4D-8877D12F9B4CF85F_medium.jpg)
Dividends and distributions play an important role in the world of investing, offering the potential for investors to receive a stable and reliable income stream.
![The Global Consumer: Structural Growth Opportunities](/sites/magellan/cache/file/34DC7E92-A8B0-4CFE-A67AFC5884F54133_medium.jpg)
Webinar Recording: Investment Analyst, Tracey Wahlberg, provides insight into key growth opportunities shaping the consumer sector's future returns..
![Q2 2024 Market Outlook](/sites/magellan/cache/file/DB22927D-6FE5-445E-AC61239EC7E041A5_medium.jpg)
![Case Study: Severn Trent & United Utilities](/sites/magellan/cache/file/CB682636-1018-4C57-B67071A507379D35_medium.jpg)
Opportunities found in troubled waters. (Reading time: 8 mins)
![Stock Story: Mondelez](/sites/magellan/cache/file/4A0C2F76-0EC4-487A-AE9E524040737B86_medium.jpg)
![Stock Story: SAP](/sites/magellan/cache/file/2B7D07CE-076D-4D5C-B8F36EF61C117890_medium.jpg)
![Magellan Infrastructure Quarterly Update](/sites/magellan/cache/file/96C1DAB7-ADAA-4ABC-B6E703815C73B236_medium.png)
Ben McVicar and Ofer Karliner take us through the impact of cost-of-living pressures on toll roads and what holdings they are most excited about in the portfolio. They provide an update on passenger travel and airport spending rates as well as insights on the US election and how this could affect energy transition efforts. (Viewing time: 12 mins)
![Magellan Global Quarterly Update](/sites/magellan/cache/file/69EB2A43-025A-4B98-A74ABD4DECC53478_medium.png)
Nikki Thomas and Arvid Streimann discuss key themes impacting the markets and providing opportunities for investors. Arvid discusses his recent trip to Washington which provided valuable insights into the future growth of AI innovation and adoption. Nikki touches on her future trip to China and how understanding the interplay between China and other economies is essential for businesses operating within China or competing against it in various sectors. (Viewing time: 12 mins)
![Infrastructure: Invest in where the world is going](/sites/magellan/cache/file/6475B334-21FE-4B68-B3631130CE51249F_medium.png)
The way to analyse Infrastructure assets and the businesses that own them.
![Magellan National Adviser Roadshow 2024](/sites/magellan/cache/file/A668C48D-D01D-4C05-9DC9364E9086B08C_medium.jpg)
Our Global Equities and Infrastructure Portfolio Managers share their views on key global themes driving investment markets. Discussing the implications of interest rates, continued supply chain disruptions, digitalisation, AI and why Global Equities and Infrastructure investors have cause for optimism. (Viewing time: 91 mins)
![Exploring sustainable returns through quality growth investments](/sites/magellan/cache/file/D42FDD22-B7AD-4D09-90922CF35AC84B62_medium.png)
Elisa Di Marco sits down with Investment markets and provides insights into how Magellan constructs their global portfolios. (Viewing time: 16 mins)
![Business quality matters](/sites/magellan/cache/file/ED3922EB-9DE7-4CBF-89696F58AB7D7F5D_medium.jpg)
Identifying quality goes hand in hand with identifying risk. (Reading time: 4 mins)
![Navigating the AI Investment Opportunity](/sites/magellan/cache/file/C83FB364-34D4-4A05-A7AB74DB0413DDD8_medium.jpg)
Webinar Recording: Investment Analyst, Adrian Lu, provides insight into the evolving landscape of Artificial Intelligence (AI).
![Social and Regulatory Risks of AI](/sites/magellan/cache/file/BDBB097A-14E0-4AC2-886F1499A74155A4_medium.jpg)
While we have a high conviction in the structural tailwinds of AI we must also understand the risks associated with this expansive technology. (Reading time: 5 mins)
![Magellan Explains: Scope 1,2 & 3 carbon emissions](/sites/magellan/cache/file/DE419471-FDF8-4F36-A3BE2DA4C69840A6_medium.png)
The majority of Greenhouse Gas (GHG) emissions released into the atmosphere can be attributed to human activities. These emissions usually come from power generation, industrial processes and cars. GHG emissions can be classified into three categories: scope 1, scope 2, and scope 3 emissions.
![Equity Mates Summer Series - Lowes](/sites/magellan/cache/file/660BC5FC-05F1-45D6-A2D331CE88DE59E8_medium.jpg)
![Stock Story: Vinci](/sites/magellan/cache/file/A1E399B6-2BE3-49B2-8F9CB042C6EC9A8B_medium.jpg)
![Stock Story: Yum! Brands](/sites/magellan/cache/file/4FA84344-1417-45AA-879F403F4AA93902_medium.jpg)
![Magellan Global Quarterly Update](/sites/magellan/cache/file/464C14D3-7FE5-4F9F-911036B58D394FDA_medium.jpg)
Arvid Streimann discusses investment attributes that led the market in 2023 and key thematics to watch out for in the year ahead, while Nikki Thomas shares her insight on how the portfolio is positioned and the strategy behind investment decisions in the portfolio. (Viewing time: 12 mins)
![Magellan Infrastructure Quarterly Update](/sites/magellan/cache/file/5C7DA998-B1DB-4837-85911B4D175883FC_medium.png)
Gerald Stack discusses the impact of interest rates on the infrastructure sector and how this affects company valuations. Gerald also provides insight on movements within the infrastructure strategy and how the team are positioning the portfolio for 2024. (Viewing time: 12 mins)
![An introduction to utilities](/sites/magellan/cache/file/DEA3B1EF-9765-4713-8F440BDA2BAEB947_medium.jpg)
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.
![Invest in essential services with infrastructure assets](/sites/magellan/cache/file/064B1E30-D340-42BA-806F44B599E009B7_medium.jpg)
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)
![What makes a high conviction investment and how Magellan avoids short-term noise](/sites/magellan/cache/file/32C398B7-41A0-48F6-A73A6B005764ACFE_medium.png)
Magellan’s Portfolio Managers, Alan Pullen and Elisa Di Marco sit down with Hearts & Minds CIO, Charlie Lanchester. They discuss Magellan’s approach to high conviction investing, how they select top stocks for the HM1 portfolio, and how they avoid short-term noise. (Listening time: 37 mins)
![Take Stock Podcast: Nikki Thomas](/sites/magellan/cache/file/EEA2952E-ACFE-4376-81D5F84E58CBEC44_medium.png)
In this episode, Caroline Gurney, CEO of Future Generation, speaks to Nikki Thomas, Portfolio Manager of Magellan Financial Group’s Global Fund. With more than 20 years’ experience in markets, Nikki is recognised for her work in bringing global equities to Australia and prides herself on investing in the world’s best global stocks. In this episode, Nikki shares insights on the recent US reporting season, her market outlook, and optimism about the US market. (Listening time: 29 mins)
![Magellan Infrastructure Quarterly Update](/sites/magellan/cache/file/F627532E-C89B-4366-8C5CFACB9F822294_medium.jpg)
Infrastructure asset prices have been under some pressure this year with high interest rates and other headwinds. Ben McVicar discusses recent relative performance, why it has been challenging and how the team are positioning the portfolio going forward. (Viewing time: 14 mins)
![Magellan Global Quarterly Update](/sites/magellan/cache/file/FD2C2B30-C109-435F-A14A8977B8C89DE3_medium.jpg)
Arvid Streimann discusses recent market volatility and the risks to watch out for, while Nikki Thomas shares her observations from her recent US trip and updates us on how the portfolio is positioned for the evolving investment landscape. (Viewing time: 15 mins)
![Stock Story: Microsoft](/sites/magellan/cache/file/075363AD-696E-4175-8F8ED726E4520072_medium.jpg)
![Stock Story: American Water](/sites/magellan/cache/file/04BBC80A-DD61-4A91-BBAE2D9E5B60DF20_medium.jpg)
A high-water mark for infrastructure investment. (Reading time: 6 mins)
![Stock Story: Brookfield](/sites/magellan/cache/file/C003AF99-F4B8-4EAE-A525BC1C173A1984_medium.jpg)
![Insight: From chips to cloud - Advances and Opportunities in AI](/sites/magellan/cache/file/F0CFA065-3626-4FA9-9E2A5F29062B9313_medium.jpg)
Questions about the recent developments in AI. (Reading time: 5 mins)
![Buy Hold Sell: All weather businesses](/sites/magellan/cache/file/110A91B6-78E7-473E-B6BE7EE1E3A2F79D_medium.png)
Magellan's Nikki Thomas provides her thoughts on a handful of all-weather businesses that can generate strong returns throughout the economic cycle and companies that no longer fit that criteria. (Viewing time: 10 mins)
![Buy Hold Sell: 5 high-quality stocks in the world right now](/sites/magellan/cache/file/DEB4C0AB-C4A4-4B35-87C55289100E6EFD_medium.png)
Global Portfolio Manager Nikki Thomas, CFA chats with Livewire Markets about Nike, Amazon, Visa and provides a stock pick which is set for strong growth over the next decade. (Listening time: 8 mins)
![Buy Hold Sell: How to hunt for the world's best opportunities](/sites/magellan/cache/file/6A5BDB6B-6766-470D-B7FB5F19F3B238DA_medium.png)
Magellan's Nikki Thomas shares insight into how Magellan's investment process helps filter through thousands of stocks to determine their investment universe. She also provides her high conviction stock pick. (Listening time: 7 mins)
![Ever thought of investing in essential services?](/sites/magellan/cache/file/3D4CE466-1738-412C-A225F9D4BFB96B4A_medium.jpg)
Supporting you every minute of every day. (Reading time: 5 mins)
![Magellan Explains: Diversification](/sites/magellan/cache/file/8B118CF1-BCAA-45CA-BC8AC9A5A2FAF24E_medium.jpg)
Diversification is an important concept that can significantly impact the success of your investment journey. While the term might sound complex, its core principle is simple and can help create a robust and resilient investment portfolio.
![Magellan Explains: Managed Funds](/sites/magellan/cache/file/15D335D4-10B7-4D09-A1DC573610F84A3E_medium.jpg)
A Managed Fund gives investors access to a portfolio of individually selected companies in one easy transaction.
![What really matters in investing](/sites/magellan/cache/file/F91302E2-385B-4C5C-893C2F47CDFB9975_medium.jpg)
![Magellan Explains: Single Unit Structure](/sites/magellan/cache/file/C8698691-A514-4536-A074565730DC0C72_medium.png)
The Single Unit Fund Structure is a Magellan innovation that enables investors to access an open-ended fund, either off-market via an application form to the Responsible Entity or on-market via an online share trading platform or stockbroker account.
![Magellan Explains: Listed Funds](/sites/magellan/cache/file/768F1E52-96B5-41B5-AAC38D4E8FC3F3EE_medium.jpg)
There are a number of different investment vehicles available in listed or exchange quoted structures either on the ASX or Cboe (formerly Chi-X).
![Magellan Explains: Finding quality companies](/sites/magellan/cache/file/9F1AB75C-A9BA-4A09-88424C86B269AE77_medium.png)
What are quality companies and why does it matter when you are investing?
![Year InReview 2023: Finding quality through the noise](/sites/magellan/cache/file/97440AE0-21DE-46FE-BBD3711010F8B70F_medium.jpg)
In this year's collection of investment insights on global equities and infrastructure, we share valuable insights and opportunities within the world of global investing. With all the volatility in markets at the moment we explain what we believe really matters in investing and what is noise.
![Opportunities in Infrastructure Investing - July 2023](/sites/magellan/cache/file/0E55E7E9-E11B-4692-9DAB4945F268F58D_medium.jpg)
Please complete the quiz below to receive your CPD hours.
![High Conviction Strategy - Year in review - July 2023](/sites/magellan/cache/file/1BCA7F61-DADB-4E8B-B9E9993525DDCC64_medium.jpg)
Please complete the quiz below to receive your CPD hours.
![Magellan Global Portfolio - Year in review - July 2023](/sites/magellan/cache/file/09D01888-14F7-4E36-BA9318314BD359A0_medium.jpg)
Please complete the quiz below to receive your CPD hours.
![Insight: Artificial Intelligence](/sites/magellan/cache/file/E7B47084-B206-41A5-A5EE36D7A1A60CC2_medium.png)
Questions investors are asking about AI. (Reading time: 6 mins)
![Magellan Infrastructure Briefing - May 2023](/sites/magellan/cache/file/4111D8CD-0562-4BF8-8D03E006C79CC943_medium.jpg)
Magellan's Infrastructure Team provide a detailed update and outlook of the global infrastructure sectors and explain how investing in infrastructure can benefit your client’s portfolio in a high interest rate and inflationary world. In times when costs are rising, people still need essential services which means infrastructure stocks can perform well in this environment. (Recorded live: 2 May 2023)
![Stock Story: Ferrovial](/sites/magellan/cache/file/E18620D3-88C6-4028-95DD7709BCA2F4AD_medium.png)
A leader in innovative and sustainable infrastructure (Reading time: 4 mins)
![Stock Story: Mastercard](/sites/magellan/cache/file/A2030328-4156-42A9-81A2EDFA7D812E33_medium.jpg)
A quality business going from strength to strength. (Reading time: 4 mins)
![Magellan Infrastructure Strategy Update](/sites/magellan/cache/file/79650DB2-7CD0-4B4E-8FD8127F0C3F0560_medium.jpg)
Head of Infrastructure, Gerald Stack looks at how the infrastructure sectors have fared over the past quarter, and addresses concerns about high inflation and provides an update on changes to the portfolio and how it is positioned. (Viewing time: 12 mins)
![Magellan Global Strategy Update](/sites/magellan/cache/file/6331E05A-72BD-44F4-B70016D6C3148335_medium.jpg)
Global Portfolio Managers Nikki Thomas, and Arvid Streimann, discuss the unfolding interest rate cycle and the effect it's having on market sentiment and company valuations. They provide an update on the portfolio’s recent performance and its positioning for the current environment. (Viewing time: 15 mins)
![Financials Update - 22 March 2023](/sites/magellan/cache/file/61315BE9-3401-4434-B248F369F49F362E_medium.png)
Magellan's Portfolio Manager, Alan Pullen, provides a timely update on the financials sector in light of the recent volatility we've seen with banks in the US and Europe.
![Why quality matters?](/sites/magellan/cache/file/A3A59F44-A68E-41D4-B2D62D58C5344E92_medium.png)
Quality is a frequently used term in investing, but from Magellan's experience definition really does matter. Why, because not all company fundamentals are the same. Learn more. (Viewing time: 11 mins)
![Magellan Core Series - Investment Briefing](/sites/magellan/cache/file/C3C107D2-DDEF-486E-B0FC7E8CEDAAE22A_medium.jpg)
Did you know Magellan offers research driven, actively managed and competitively priced funds? Watch now to learn more.
![Podcast: A deep dive into Visa and Mastercard stocks](/sites/magellan/cache/file/F455ED81-0C2E-4161-81E5982EFB360A86_medium.png)
Elisa Di Marco recently joined Owen Raszkiewicz on The Australian Investors Podcast to reveal the truth about quality investing, dive deep into the payments industry and illustrate what makes companies like Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) true global leaders. (Listening time: 58 mins)
![Stock Story: Intuit](/sites/magellan/cache/file/5BA44762-0E23-4ED5-A12817B497D33BF3_medium.jpg)
Nearly 40 years after being released, QuickBooks and TurboTax have a long growth runway. (Reading time: 4 mins)
![Stock Story: Walmart](/sites/magellan/cache/file/92228CC9-189E-4629-946FB7357994C95E_medium.jpg)
With great power (and scale) comes great responsibility (and opportunity). (Reading time: 4 mins)
![Stock Story: Transurban](/sites/magellan/cache/file/767E049A-6A28-4CE7-A952DE2461B7F911_medium.jpg)
The port in a storm: Resilience, inflation protection, and option value. (Reading time: 4 mins)
![Magellan Global Strategy Update](/sites/magellan/cache/file/B72740B0-7CAC-4952-A82D9CA7FBF2663D_medium.jpg)
Magellan's Portfolio Managers Nikki Thomas, CFA and Arvid Streimann, CFA, discuss how they are viewing the current inflationary environment and chances of a recession. They explain how Magellan's Global Portfolio is positioned to manage these risks and take advantage of thematic investment opportunities.
(Viewing time: 15 mins)
![Magellan Infrastructure Strategy Update](/sites/magellan/cache/file/E061EB21-6943-4EA6-89365C219459DF57_medium.jpg)
Magellan's Deputy CIO, Head of Infrastructure and Portfolio Manager, Gerald Stack, mentions the challenges that the Infrastructure portfolio faced in 2022. Gerald describes how the portfolio is positioned now to take advantage of growth trends such as the re-opening of the global economy and the transition to renewable energy. (Viewing time: 17 mins)
![Emma Henderson discusses Chipotle](/sites/magellan/cache/file/25924F63-E139-4D74-B97BF53FD9B1E475_medium.png)
Emma Henderson, Investment Analyst, sits down with Equity Mates to discuss the American quick service restaurant chain, Chipotle. Emma explains why Chipotle has favourable competitive advantages and a long runway for growth. (Listening time: 45 mins)
![Why the cloud investment opportunity will outlast an economic downturn](/sites/magellan/cache/file/4389ECF3-271C-405E-901F51AFF505D69C_medium.jpg)
(Reading time: 4 mins)
![The 'Weight' Will Be Worth It](/sites/magellan/cache/file/CA6F164F-32F0-4CCA-B37E083D1F33C8E5_medium.jpg)
David George, and Global Portfolio Managers Nikki Thomas and Arvid Streimann, explain how Magellan’s consistent and prudent approach to investing is steering them through today’s crises.
![Stock Story: ASML](/sites/magellan/cache/file/CD7765E4-B026-4A81-860FBBF8549D4AEA_medium.jpg)
The Netherlands company, with its lithography, is behind the world’s best microchips. (Reading time: 4 mins)
![Stock Story: Snam](/sites/magellan/cache/file/2F0E6508-3E11-4B90-891829F5E86398AF_medium.jpg)
Europe’s energy crisis provides an opportunity for the Italian gas infrastructure giant. As does the renewables push. (Reading time: 3 mins)
![Magellan Global Strategy Update](/sites/magellan/cache/file/C5A81111-EA70-4D40-872410E5FA91ACAE_medium.jpg)
Nikki Thomas, CFA, Portfolio Manager, discusses the market's reaction to the volatile macro environment, how Magellan's Global Portfolios are positioned and which quality companies are well placed to deliver growth in the years ahead. (Viewing time: 8 mins)
![Magellan Infrastructure Strategy Update](/sites/magellan/cache/file/465A89AA-FAF0-4696-920A3E867A350A0C_medium.jpg)
Gerald Stack and Ofer Karliner, CFA, discuss the recent reporting season, the European energy crisis and provide an outlook for companies in Magellan's Infrastructure Strategy. (Viewing time: 15 mins)
![China's deflating property market threatens wider economic trouble](/sites/magellan/cache/file/958CD8C2-4FAF-4319-A4452B59401F67FF_medium.jpg)
China’s woes could prove to be the global economy’s biggest blow. (Reading time: 7 mins)
![The energy crisis is likely to last years](/sites/magellan/cache/file/662C53AF-6836-4267-944042AD05BD6EAB_medium.jpg)
An overreliance on vanishing Russian fossil fuels will torment Europe. (Reading time: 6 mins)
![Higher US interest rates test the world](/sites/magellan/cache/file/84526C59-89AB-4ACD-85FD4BE3872481D0_medium.jpg)
A high US dollar exporting inflation, a shrinking US economy and struggles in emerging countries stand out as challenges. (Reading time: 6 mins)
![Nuclear energy is a promising solution for climate change](/sites/magellan/cache/file/2ADFC946-E9F1-4784-96DA238686328D61_medium.jpg)
But the clean-energy option will forever risk a catastrophe. (Reading time: 6 mins)
![Stock Story: McDonalds](/sites/magellan/cache/file/32FC780A-105E-4686-BE39049485116E3C_medium.jpg)
![Stock Story: Atlantia](/sites/magellan/cache/file/BCF8AE23-D578-4B51-90D368A52CFFBCFB_medium.jpg)
The Italian tollway and airport group holds such attractive assets it’s being taken private (Reading time: 3 mins)
![Stock Story: Diageo](/sites/magellan/cache/file/C37584C3-2CBE-4829-BDFAB477CE28E211_medium.jpg)
The world’s biggest distiller benefits from people drinking better, even if they drink less. (Reading time: 4 mins)
![Magellan InReview 2022](/sites/magellan/cache/file/6009DC40-EE9B-47AB-B12FB36D450A5C7F_medium.jpg)
In this year’s collection of insights from our investment team and other experts, our global portfolio managers explain why (and how) inflation, inequality, geopolitics and climate change will dominate global economies and markets in the coming 12 months – and how these forces are influencing their investment decisions now. Leon Panetta, the former US Defence Secretary, discusses why the world is at a dangerous and pivotal moment. You’ll also find our annual fund reports, quarterly fund factsheets and much more.
![2022 National Infrastructure Briefings](/sites/magellan/cache/file/251F3CE7-FE6A-4A12-8775B0782E9A5A0E_medium.jpg)
The last two years has seen international travel upended, domestic transport challenged, ‘essential services’ redefined and a growing interest in the role infrastructure can play in decarbonisation. With this backdrop, does the case for investing in global listed infrastructure still stack up? (Viewing time: 82 mins)
![Scarcity becomes common](/sites/magellan/cache/file/DA9D30AD-EB20-4FD6-9C3762EED909176F_medium.jpg)
The impediments to supply are likely to last and disrupt growth and provoke inflation. (Reading time: 4 mins)
![Targeted online ads are the success of 'surveillance capitalism'](/sites/magellan/cache/file/0491DF8E-CB89-4456-810516376B922DF8_medium.jpg)
But display ads face privacy and regulatory challenges that reduce their effectiveness. (Reading time: 4 mins)
![Record high inflation could trigger a fresh eurozone financial crisis](/sites/magellan/cache/file/419D1385-FB6C-4737-948750050A628732_medium.jpg)
Any crunch would centre on Italy, have no obvious solution and remind that the euro’s frailties are unaddressed. (Reading time: 6 mins)
![Superbugs are outsmarting antibiotics](/sites/magellan/cache/file/DBC6E692-D052-4C41-9211D87F91D36F09_medium.jpg)
A market failure means pharmaceutical companies are failing to address the threat.
![Stock Story: Nestlé](/sites/magellan/cache/file/1CBB916D-789A-4CA2-936A0723832C50F4_medium.jpg)
Innovation that enhances everyday brands is strengthening the Swiss giant’s moat. (Reading time: 5 mins)
![Powell seeks 'immaculate disinflation'; one that rids the US of inflation without shedding jobs](/sites/magellan/cache/file/5E7995B1-FC10-478A-917A1F094274B395_medium.jpg)
His problem? Monetary policy is ill-suited to fight inflation arising from supply constraints. (Reading time: 6 mins)
![Infrastructure assets are well placed for an era of inflation](/sites/magellan/cache/file/AC2A9ED6-1125-46F2-AFF5A8329F902F60_medium.jpg)
This insulation from rising prices should help protect their share prices. (Reading time: 6 mins)
![InvestorDaily ESG Podcast: Big companies do care about the environment](/sites/magellan/cache/file/22A1AADA-4226-4D76-9E9C4F9BCF508B94_medium.jpg)
InvestorDaily podcast host David Stratford, is joined by Elisa Di Marco, Magellan Core ESG Fund Portfolio Manager. In this episode, Elisa explains that companies with ESG aren’t just performing lip-service for better publicity, rather, they are genuinely concerned for proper compliance to globally-proven environmental policies. Elisa also discusses the importance of engagement and management, as well as how ESG policies significantly reduce the element of risk when investing in a company of any scale. (Listening time: 26 mins)
![Central banks are going green to questionable avail while stirring risks](/sites/magellan/cache/file/E8A6B761-4811-46ED-BC03150B0E4E5CAC_medium.jpg)
A loss of autonomy to fight inflation is just one of the dangers. (Reading time: 5 mins)
![Another era of quantitative tightening beckons](/sites/magellan/cache/file/1861B889-D5B5-44D8-A0EC93C24D20C8D8_medium.jpg)
The first one fizzled. Can asset-selling – aka money destroying – help fight inflation? (Reading time: 5 mins)
![The pandemic has changed the future of work](/sites/magellan/cache/file/BFC825D0-CE4E-43CA-AA9E65E57B5BAFA3_medium.jpg)
Remote work is ensconced. A ‘Great Resignation’ is underway in the US. Neither might last. (Reading time: 5 mins)
![Global Strategy Update - February 2022](/sites/magellan/cache/file/D99AEB6D-6B00-4A89-A3B94DF2CDCEF121_medium.jpg)
We provide an update on Magellan’s global strategy and the current macroeconomic landscape, plus a chance to hear from portfolio managers Chris Mackay, Nikki Thomas and Arvid Streimann. (Viewing time: 46 mins)
![Investing in infrastructure: what's changed and where are the opportunities?](/sites/magellan/cache/file/382AFE56-4403-4FCE-B56ABCF6012A34D0_medium.jpg)
Webinar recorded: 10 February 2022
The last two years has seen international travel upended, domestic transport challenged, ‘essential services’ redefined and a growing interest in the role infrastructure can play in decarbonisation. With this backdrop, does the case for investing in global listed infrastructure still stack up?
![Stock Story: Intercontinental Exchange](/sites/magellan/cache/file/76F4708A-6170-4A6D-931B0BBB2F6C7FF9_medium.jpg)
A pioneer of digitalised financial markets that owns the New York Stock Exchange among others. (Reading time: 3 min)
![Infrastructure Strategy Update](/sites/magellan/cache/file/C3C1B5F2-AED9-450E-90D889DF591559C5_medium.jpg)
Portfolio Manager Ofer Karliner, outlines why listed infrastructure and utilities stocks rallied in the fourth quarter, the likely recovery in airport assets, why high carbon scores can be a misleading guide to ESG risks for infrastructure stocks, and why, even if interest rates rise, the infrastructure portfolios still comes with diversification, inflation protection, capital growth and yield benefits if the universe is defined correctly. (Viewing time: 10 mins)
![How high can government debt-to-GDP ratios soar?](/sites/magellan/cache/file/6DE5130D-9502-4DAE-A6DA7BDCB4AA2B7D_medium.jpg)
Somewhere a ceiling exists. Trouble is brewing, especially in the eurozone and emerging countries. (Reading time: 6 mins)
![Stock Story: Dominion Energy](/sites/magellan/cache/file/FC4C4EC3-D492-4806-BF93D0A8517C59C5_medium.jpg)
The US electricity and gas company’s strategy is regulated green power. (Reading time: 2 min)
![What the NFT is the metaverse?](/sites/magellan/cache/file/36407229-776D-49C9-92A19A4EE20756BC_medium.jpg)
The touted ‘embodied internet’ might take a while to arrive and could underwhelm, even with Big Tech support. (Reading time: 5 mins)
![Green hydrogen is central to plans to achieve net zero](/sites/magellan/cache/file/BE7779AB-ADB6-4D27-9ED15044D08AAD38_medium.jpg)
A cost disadvantage needs to be overcome first. (Reading time: 4 mins)
![Infrastructure Strategy Update](/sites/magellan/cache/file/BDA00EB2-4316-43B7-946A0AA8F6DB2E68_medium.jpg)
Ofer Karliner, Portfolio Manager, provides an Infrastructure update, discusses what trends he's seeing in the uptake of global travel and the risks of inflation. (Viewing time: 9 min)
!['Reaching for yield' into corporate debt takes on a risky hue](/sites/magellan/cache/file/869A43D5-5BBB-4C4B-941D56BE5E8590BC_medium.jpg)
Broader financial instability can’t be ruled out. (Reading time: 4 mins)
![Ransomware is so rife it's a threat to national security](/sites/magellan/cache/file/D7EFA3A1-B0E6-4E1A-A6E2509FF509FD2A_medium.jpg)
Cracking down on cryptocurrencies might ruin the risk-reward calculation for criminals. (Reading time: 5 mins)
![Space exploration is going private](/sites/magellan/cache/file/0E7A1F00-A602-4D1D-85463B106682747E_medium.jpg)
The commercialisation of space comes with unknown promise but known risks. (Reading time: 5 mins)
![Stock Story: Xcel Energy](/sites/magellan/cache/file/E708739A-92F9-4BC7-B5CFC6A61012B9E5_medium.jpg)
A US electricity and gas utility leading the drive against climate change (and other challenges). (Reading time: 2 min)
![Big Tech's success incites a backlash](/sites/magellan/cache/file/40C98914-BDB1-4575-BC544F22146C629A_medium.jpg)
Many think the internet giants are too big for society’s good. But even a rethink of competition policy along such lines is unlikely to curb the largest platforms. (Reading time: 4 mins)
![Infrastructure and decarbonisation](/sites/magellan/cache/file/1F054FD6-0AC9-4362-A6F8AD445D365280_medium.jpg)
![In conversation: with Michael Morell](/sites/magellan/cache/file/707B5C4B-5EE2-47A4-BE10C1EB26EC9FB9_medium.jpg)
The former deputy director of the CIA discusses the lack of a US policy on China, the threat of a war over Taiwan, Russian ransomware and the world’s biggest threat.
![Expert Investor: David Costello – Can Infrastructure Investing be Sustainable?](/sites/magellan/cache/file/16F7DC0B-49DA-483A-95A6A2B786DC3C76_medium.jpg)
David Costello, Portfolio Manager, talks investing in Infrastructure with Alec & Bryce from Equity Mates. (Listening time: 51 mins)
![Stock Story: Pepsi](/sites/magellan/cache/file/19DE7931-8A40-4DB0-B8039A53B79DD9B0_medium.jpg)
The company’s iconic brands extend beyond the world-famous cola drink into snacks. (Reading time: 2 min)
![Stock Story: Alliant Energy](/sites/magellan/cache/file/0819E230-478B-4A47-9F42DC4F4AFED48B_medium.jpg)
Powering the US Midwest in a greener way. (Reading time: 2 min)
![Electric vehicles are the next revolution in automobiles](/sites/magellan/cache/file/79EE4A10-58A6-4AF2-9535B95A608719D5_medium.jpg)
But problems need to be overcome to hasten the switch and cement the climate benefits. (Reading time: 5 min)
![Major countries, seeing China leap ahead, are pondering issuing digital national currencies](/sites/magellan/cache/file/F1523386-E002-4888-B89DE379DE950180_medium.jpg)
Is a watershed reengineering of money underway? (Reading time: 4 min)
![China's dual-circulation model is a plan for a hostile world but a catchable US](/sites/magellan/cache/file/2EACA8A0-337D-46A3-A869A7333EBBFB9F_medium.jpg)
Domestic production gets priority in a strategy that seeks to boost China's 'soft power'. (Reading time: 4 min)
![Political heat is swirling around the Catch-22 that grants platforms unique legal immunities on content](/sites/magellan/cache/file/1BDBFCE4-F676-4D46-B3BD926E88145D39_medium.jpg)
But efforts to rein in the US-based CDA section 230 protections pose dilemmas that prevent watershed action. (Reading time: 4 min)
![Infrastructure Strategy Update](/sites/magellan/cache/file/4EEA8112-D664-48BE-B233F54BB74CF991_medium.jpg)
Gerald Stack dissects recent portfolio performance, potential inflation concerns and investment opportunities as global economic re-openings begin to gather pace. (Viewing time: 17 mins)
![Maintaining High Conviction In An Uncertain World](/sites/magellan/cache/file/4C3E8997-7F4D-4C77-BFA072E388BCF4A5_medium.jpg)
Hamish Douglass and Chris Wheldon, Portfolio Managers of Magellan's High Conviction strategy discuss the positioning and composition of the portfolio in the context of Magellan's economic outlook and offer their investment thesis for the streaming giant, Netflix. (Viewing time: 42 mins)
![Stock Story: Netflix](/sites/magellan/cache/file/FDAF5D8B-3D18-40E8-80DBA04122B7CDE3_medium.jpg)
Enjoying a decent slice of the hugely popular and competitive streaming industry. (Reading time: 2 min)
![Biden is revving a US economy already enjoying a vaccine-inspired recovery](/sites/magellan/cache/file/1FE2574E-B5B0-4414-98ED4DD3B70DBFEA_medium.png)
Might his emergency stimulus revive inflation? (Reading time: 5 min)
![Stock Story: National Grid](/sites/magellan/cache/file/19150A4E-6684-47CF-8703C1C07E30E84E_medium.jpg)
Delivering for customers and investors rain, hail or shine. (Reading time: 2 min)
![Germany seems poised to only ever do the minimum to support the euro](/sites/magellan/cache/file/FD4E43D1-4A25-47AB-A8243033D8E83173_medium.jpg)
Public disgruntlement stops Berlin cementing a currency union that helps make the country an export dynamo. (Reading time: 5 min)
![The pivotal fight between China and the US is over the microchip](/sites/magellan/cache/file/0C1527A2-CACB-4347-9F3049951A58B082_medium.jpg)
The campaign for dominance in semiconductors could hurt both countries. (Reading time: 5 min)
![Infrastructure Strategy Update](/sites/magellan/cache/file/30D2A5BE-2BEF-4DA6-8466364AF42AF2BC_medium.jpg)
Gerald Stack dissects recent performance and changes made to the portfolios, and looks ahead to the opportunities and risks that may present themselves in 2021. (Viewing time: 27 mins)
![Stock Story: Novartis](/sites/magellan/cache/file/0848CDD8-9D7A-4B17-85F9889314A237B9_medium.jpg)
![Stock Story: Aena](/sites/magellan/cache/file/2F9C7D36-10C9-44E4-BA9A12B96E4B90DA_medium.jpg)
The Spanish company that is the world’s biggest airport operator can expect a busier 2021. (Reading time: 2 min)
![Japan has trailblazed on economic stimulus, to not much avail](/sites/magellan/cache/file/D97092BD-4A87-434F-B4980ADBB29AFAD2_medium.jpg)
Will Japan under Suga try the reflationary option Abe didn’t? (Reading time: 5 min)
![The road ahead for global listed infrastructure after a difficult Covid landing](/sites/magellan/cache/file/6A5DD6BE-D2A6-42EF-AE2CD5291D98DAD6_medium.jpg)
The Magellan GLOBAL Listed Infrastructure team lead by Gerald Stack, Magellan's Head of Investments & Infrastructure share their insights on the current state of the global listed infrastructure sector, including the recent performance, outlook, and future opportunities for investors as we move into 2021. (Viewing time: 60 mins)
![A deep dive into the Tech sector?](/sites/magellan/cache/file/9C9D2B70-E8C7-42E3-A68E21B14BF42BA9_medium.jpg)
Magellan's investment team take a deep dive into the tech sector and provide insights on Facebook, Tencent, Alibaba and Ant Financial IPO. (Viewing time: 47 mins)
![Brexit talks are about how abrupt the UK's final break will be](/sites/magellan/cache/file/020DD0F9-2CAB-4299-926DB9C61EE9CF6D_medium.jpg)
No option removes the existential threats to the UK stirred by its EU departure. (Reading time: 6 min)
![Super low interest rates come with side effects](/sites/magellan/cache/file/48BC00C8-EBAE-4ED4-B2D36DB1A2FAAA30_medium.jpg)
Ultra-loose monetary policy could even be counterproductive for economies. (Reading time: 5 min)
![Stock Story: Alphabet](/sites/magellan/cache/file/4628B26B-DA0C-4D15-B83A9A1554A570C2_medium.jpg)
It’s one of the stocks that pop up if you google ‘world’s most valuable companies’. (Reading time: 2 min)
![Stock Story: Spark Infrastructure](/sites/magellan/cache/file/DE024C90-B980-4FE5-AB9968D8C27F5186_medium.png)
Powering southern and southeastern Australia with an eye on renewables. (Reading time: 2 min)
![The US senate result could reverberate for decades if under Democrat control the filibuster goes](/sites/magellan/cache/file/D7D34E35-5002-4AE6-8E8511FAEA85801C_medium.jpg)
Any quest to alter the constitutional order would be more proof of how primary contests are destabilising US politics. (Reading time: 6 min)
![China and the US are headed towards a 'decoupling'](/sites/magellan/cache/file/B4E8087E-217A-4AAB-8FD955D59601DAA1_medium.jpg)
But any rupture is likely to fall short of the separation the word implies. (Reading time: 8 min)
![Stock Story: Red Electrica](/sites/magellan/cache/file/8037688C-54E4-4645-A72349219CC5C5C0_medium.jpg)
An electricity utility poised to seize opportunities as Spain turns to renewables. (Reading time: 3 min)
![Investing in airports](/sites/magellan/cache/file/81102D10-F172-407C-BCE8A95FD352E886_medium.jpg)
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.
![Investing in communication towers](/sites/magellan/cache/file/AD012FEB-1E83-4EBB-BEFC931EB3BCA00A_medium.jpg)
"In today's modern world, people are either asleep or connected." - Janice Reinold, Rosetta Marketing
![An introduction to utilities](/sites/magellan/cache/file/3CD6C6B2-E76B-4870-A158542A428DD2F5_medium.jpg)
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.
![What is a toll road worth?](/sites/magellan/cache/file/045A5501-D31C-4157-8B1852E55FDD8445_medium.jpg)
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.