Magellan MHG ETF (ASX:MHG)
The Magellan MHG Fund is an actively-managed portfolio that invests in a select array of international companies. The fund typically selects between 20-40 global equities and hedges its exposure against the Australian dollar to manage currency risks.
What does the MHG invest in?
MHG invests in a concentrated portfolio of high-quality global securities based on Magellan’s actively-managed approach. The fund aims to outperform the MSCI World Net Total Return Index (hedged to AUD). This ETF could be a solution for investors looking for actively managed exposure to the global equities market, hedged against the Aussie dollar.
What do investors use MHG for?
MHG could be used by investors looking for a concentrated portfolio of leading global companies, as selected and managed by the investment team at Magellan. According to Magellan, it looks for shares that are trading at an appropriate discount to their assessed intrinsic value.
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