Magellan Asset Management Limited, the Responsible Entity of the Magellan Global Fund (ASX:MGF), has cancelled 222,234,612 MGF Closed Class Units since their buy-back announcement on 30 November 2020.
As of 30 December 2022, the Fund has 1,480,141,645 MGF Closed Class Units on issue.
The Magellan Global Fund is a specialised and focused global equity fund that invests in the stocks of companies listed on stock exchanges around the world, containing between 20 to 40 stocks and some exposure to cash.
Its objectives are to achieve attractive risk-adjusted returns over the medium to long-term, while reducing the risk of permanent capital loss, with no intention of hedging foreign currency exposure.