6 April 2017
ASX Limited
ASX Market Announcements Office Exchange Centre
20 Bridge Street
SYDNEY NSW 2000
MAGELLAN GLOBAL EQUITIES FUND (Managed Fund) ("Fund") Monthly redemptions & units on issue notificationThe following information is required under ASX AQUA rule 10A.4.2(b) and ASX Operating Rules Procedure S10A.4.2.
31 Mar 2017 | 28 Feb 2017 | |
Units on issue | 283,537,090 | 277,599,625 |
Net asset value per unit | $2.7050 | $2.6553 |
Net Fund Assets | $766,969,832 | $737,119,795 |
ASX AQUA Rules require the Fund to advise the aggregate of days during the month where there were net redemptions. This month such days totalled $4,636,853 represented by 1,720,106 units.
Yours faithfully
Geoffrey Stirton Company Secretary
Magellan Asset Management Limited as responsible entity for Magellan Global Equities Fund About the Magellan Global Equities FundThe Fund offers investors an opportunity to invest in a specialised and focused global equity fund that invests in the securities of companies listed on stock exchanges around the world. The Fund's portfolio will comprise between 20 to 40 stocks at any one time but will also have some exposure to cash. The primary objectives of the Fund are to achieve attractive risk-adjusted returns over the medium to long-term, while reducing the risk of permanent capital loss. It is not our intention to hedge the foreign currency exposure of the Fund arising from investments in overseas markets.
Magellan Financial Group Limited published this content on 06 April 2017 and is solely responsible for the information contained herein.
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