Agreed - "high conviction" isn't a marketing term. It literally indicates the number of holding in a fund. Usually 20 - 30. Although in Magellan's case, its more like 12 positions. I'd still call the Global Fund (20 - 40 positions, but usually on the lower side) concentrated, or 'high conviction'.
Ann: 2019 Full Year Results, page-50
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Last
$2.19 |
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Mkt cap ! $778.0M | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.22 | $2.19 | $729.0K | 330.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26658 | $2.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.21 | 23500 | 2 |
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| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| $2.22 | $2.22 | $2.20 | 45315 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| WGB (ASX) Chart |