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Magellan opts out of targeting net zero goal


“It is not our money, we don’t dictate where our clients’ climate goals should be.”
Rather than exiting all exposure, Douglass said he preferred to use capital to invest in companies which were trying to decarbonise and that companies that chose to divest were “passing the buck” to someone else.
He said the only carbon risk in the funds came from three US utilities but that Magellan had been approached by some investors to create a bespoke portfolio which removed the utilities and reduced the carbon risk.
With this in mind, Douglass said, it was not “inconceivable” for the firm to offer a separate portfolio which had a lower carbon risk in the future. ....

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Magellan's retirement fund to target 4.3pc yield


Magellan’s retirement fund to target 4.3pc yield
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ASX listed funds management giant Magellan’s eagerly awaited retirement product will target an initial yield of 4.3 per cent paid monthly to investors and will be supported by capital provided by the Magellan balance sheet.
The fund, branded FuturePay, will be listed on the Chi-X exchange under the ticker FPAY and begin trading next week after an official launch.
Magellan’s CEO Brett Cairns and founder Hamish Douglass. 
Peter Rae
It will invest in global equities and target a monthly income distribution that equates to around 4.3 per cent per annum, according to information contained in the product disclosure statement. ....

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The largest ETFs driving growth to $100b | Money Management

The largest ETFs driving growth to $100b | Money Management
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