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“Including this conversion, the industry’s market cap is now $92.3 billion, although, even without it, the industry rose to a record high of $78.7 billion.”
Announcing the planned change to the Australian Securities Exchange (ASX) in August, Magellan chairman, Hamish Douglass, said combining three global equity products into one unified trust would lead to simplification and efficiencies for shareholders. The change was enacted on 27 November, 2020.
“We believe that combining three core global equities trusts into a single, unified trust with a listed open class unit, which can also be transacted off-market, and a listed closed class unit is a ground-breaking innovation. We expect it will lead to simplification and efficiencies for unitholders and importantly should improve the trading price of closed class units,” Douglass said. ....

United States , Hamish Douglass , Australian Securities Exchange , Magellan Global , Vanguard Australian Shares Index , Loftus Peak Global Disruption , Munro Global Growth , Betashares Geared , North American , ஒன்றுபட்டது மாநிலங்களில் , ஹமிஷ் டக்ளஸ் , ஆஸ்திரேலிய பத்திரங்கள் பரிமாற்றம் , மேஜெல்யாந் உலகளாவிய , வான்கார்ட் ஆஸ்திரேலிய பங்குகள் குறியீட்டு , லோஃப்டஸ் உச்சம் உலகளாவிய இடையூறு , மன்ரோ உலகளாவிய வளர்ச்சி , வடக்கு அமெரிக்கன் ,