Magellan Infrastructure Provided Fund Update for January 2019

On 13 February 2019, the ASX-quoted Global infrastructure Fund, Magellan Infrastructure Fund (ASX: MICH) provided a fund update for January 2019. The fund is being managed by Gerald Stack. The fund came into existence as on 19 July 2016. The fund charges a Management & Administration Fee of 1.05% per annum. The fund size is circa AUD 255.5 million.

In terms of fund performance, the fund has outperformed the index by 2.4% p.a. since its inception, the benchmark being the S&P Global Infrastructure Index (A$). However, in the past month, the fund underperformed compared to the index with a negative return of 1.1%. 

The fund’s sector exposure by the source of revenues are as follows:

Airports- 17%, Toll Roads- 16%, Gas Utilities- 12%, Energy Infrastructure- 11%, Integrated Power- 9%, Communications- 9%, Transmission & Distribution- 6% and Rail- 6%. However, in terms of the geographical exposure, the fund has its largest exposure into the U.S. markets with a stake of 36% followed by the Asia Pacific which accounted for 24% stake, Europe with a share of 20% and Canada, Latin America and UK having 7.0%, 2.0% and 1.0% share respectively. The company maintained 10% of its assets in the form of cash.

The fund is actively managed with minimum administration for the investors with requirement of no paper works to trade. The units of the fund, however, can be traded on ASX like other listed securities. Magellan has significant investment alongside unitholders. It is a liquid fund with efficient and live pricing, and the settlement is affected through Clearing House Electronic Subregister System (CHESS).

The performance fees of the fund are subject to a high-water mark, and it represents 10% of the excess return of the units of the fund above the higher of the Index Relative Hurdle and the absolute return hurdle. Index Relative Hurdle is based on S&P Global Infrastructure Index A$ Hedged Net Total Return and the absolute return is based on the yield of 10-year Australian Government Bonds.

Sponsored ad by Kalkine

The funds top ten holdings are namely: Arena SME SA, Aeroports De Paris, American Tower Group, Atlas Arteria, Atmos Energy Corp, Crown Castle International, Enbridge Inc, Eversource Energy, Sempra Energy and Transurban Group.

On the price-performance front, the stock of Magellan Infrastructure Fund’s is currently trading at $2.870. The stock opened at $ 2.870 with its day high at the same price; however, it touched the day’s low of $2.860 with a daily volume of 287,245. The stock has generated a YTD return of 7.89% & also posted returns of 2.87% & 4.36% over the past six months and one-month period respectively. It had a 52-week high price of $ 2.880 and touched 52 weeks low of $ 2.570, with an average volume of 265,302 approximately.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report


Please enter your comment!
Please enter your name here