In this episode we’re continuing our exploration of some of Australia’s best Listed Investment Companies (LICs).
We began the mini-series with Emma Kirk – a key account manager at Magellan – explaining the differences between LICs and LITs. Now, we’re going deeper to explore the portfolios and fund managers of some of these companies.
To kick us off, we sat down with Chris Wheldon – an incredibly intelligent, focused and patient Portfolio Manager of Magellan’s High Conviction Fund. Magellan, founded in 2006 by the well-known Hamish Douglass, is a top 100 ASX-listed company, with a strategy to ‘invest in the future’.
They buy ‘high-quality global stocks that benefited from the rise of the emerging consumer, the coming of the cashless society, the recovery in US housing, the dominance of business software giants and the arrival of digital consumer platforms, to name just some key themes of the past decade’.
In this episode you will learn:
- How Chris’ career took him to New York
- The concept of a ‘high conviction fund’
- What it means to invest by looking through the windshield
- The importance of patience
- What is appealing about Starbucks
- The research process for Chris’ fund
- Plus much, much more!
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Equity Mates Investing Podcast is a product of Equity Mates Media.
All information in this podcast is for education and entertainment purposes only. Equity Mates gives listeners access to information and educational content provided by a range of financial services professionals. It is not intended as a substitute for professional finance, legal or tax advice.
The hosts of Equity Mates Investing Podcast are not financial professionals and are not aware of your personal financial circumstances. Equity Mates Media does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given.
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Do not take financial advice from a podcast.
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In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing Podcast acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and expend that respect to all Aboriginal and Torres Strait Islander people today.
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