Investment Road Test: Magellan still finds navigation difficult

An impressive LIC from Magellan Financial Group has been hit hard by a decision to remain unhedged, but there could be an upside over the longer term.

PORTFOLIO POINT: The decision to remain unhedged may be weighing on its share price, but Magellan Flagship Fund could suit investors with a long-term view.

For Australian investors seeking access to the sharemarket returns of successful global companies – irrespective of where they are headquartered – the Magellan Flagship Fund (ASX code: MFF) may be of interest: www.magellan.com.au

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