Magellan High Conviction Trust Offer

Magellan Asset Management will launch a high conviction listed investment trust that will pay no commissions to brokers or financial advisers that recommend the product.

The Magellan High Conviction Trust will invest in a concentrated portfolio of high quality global companies and will replicate the investment strategy of the unlisted Magellan High Conviction Fund, which has returned 16.6% per annum net of fees since inception on 1 July 2013.

Managed by Hamish Douglass and Chris Wheldon, the Trust will invest in a highly concentrated portfolio of 8 to 12 companies.

The offer opened on 21 August 2019 and will close on 27 September 2019, with a listing date of 11 October 2019.

It will carry a management fee of 1.5 per cent and a performance fee of 10 per cent of excess returns above 10 per cent per annum.

Magellan Financial Group Magellan High Conviction Trust Launched on 21 August 2019 Designed for investors that seek higher absolute returns over the long term Find out more This report is informational only in nature. Industry Moves neither recommends nor endorses this product/service.

"A good concentrated exposure to Magellan's 'best ideas'": Q&A with Chris Wheldon


Chris Wheldon is a portfolio manager for the Magellan High Conviction Fund, which is soon to be listed as a trust on the ASX. Chris speaks to Industry Moves about the firm's investment process, the trust's benefits to investors, and how it best fits within a portfolio. He also shares the story of his journey into funds management and why losing a little 'hard earned' capital as a teenager reaped its own rewards.