Due to the Coronavirus pandemic, share markets around the world have seen unprecedented volatility in 2020. Market’s fell over 30% globally through February and March, only to regain some of their losses in Australia and in the US, markets are back around their all-time highs (with the NASDAQ well above its previous all-time high). With the future of the global economy still uncertain, PFS had the opportunity to speak to Rosie Malcolm from Magellan Asset Management where we discussed various topics including Magellan’s views on the market, their current portfolio, the upcoming election between President Trump and Biden and China’s stance in the world.
Magellan Asset Management is one of Australia’s most well known global investment managers with over $100 billion in assets under management. It was great to speak to Rosie Malcolm from Magellan. Rosie is a Portfolio Manager and Head of Franchises with Magellan. Rosie has extensive experience in investing having previously held roles with Foglamp Capital and Goldman Sachs in Sydney and in New York.
We hope you enjoy the discussion.
1:48 – Magellan’s views on the current market conditions
8:10 – The market and economy’s need for a new stimulus bill.
9:53 – Magellan’s current portfolio positioning
14.10 – What Magellan is looking for to deploy their current cash
16.35 – Long term opportunities presented by the coronavirus pandemic
19.38 – Discussing the presidential election between President Trump and Joe Biden
26.15 – Magellan’s exposure to China and China’s current stance in the world