Ann: Funds Under Management - March 2020, page-14

There are smaller, more growth orientated funds with greater returns, hedge funds etc that over short periods perform better but ultimately Magellan have been the major success story since the GFC in regards to a growing Australian fund. In terms of big caps, there's virtually not even an argument to be had, they have been the most successful fund manager both in returns and growth of a fund. Plenty of others that were taken seriously effectively fell off the face of the earth. In terms of inflows/outflows, brand is core and they have created a level of loyalty that doesn't exist for the most part elsewhere.

In terms of the stock price currently, it seems maybe a tab optimistic or even overvalued. At around $30 a few weeks ago was undeniably an overreaction and a bargain however. This type of company is technically very well equipped to deal with a crisis situation such as this and previously they have performed better than virtually anyone in downturns. If I was going to have my money in a fund or a listed company running them at a time like now this would easily be it.