Meet the Manager – Hamish Douglass, the Chairman and CIO at Magellan, reflects on the market environment over the past year or so, what worked, what didn’t, and what scenarios he sees playing out in the future.
Watch the video here or read the Q&A here.
Access the full Qualitative Fund Research report on the Magellan Global Fund here.
Q1. The past 12 months have been a rollercoaster on share markets. Stocks dived when the pandemic struck and then rallied on news of vaccines such that November was the best month in nearly 46 years. How has the strategy fared over this time?
Q2. Your strategy entails a defensive bucket of stocks that’s lower risk than world equity markets. How do you assess your portfolio management since markets roared from early November?
Q3. The strategy owns the big tech platforms from China and the US. Regulators are looking at these businesses. How do you view this risk?
Q4. The Biden administration is implementing or plans to implement about US$4 trillion in fiscal stimulus. Any concerns about this?
Q5. What’s your outlook for share markets?
Q6. Given your outlook, what’s the one piece of advice you would give investors?
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