Magellan listed funds resume trading after operational issues
Make us a preferred source
Make us a preferred source on Google
More news: Magellan Financial Group has confirmed that its four listed funds that entered a trading halt on the ASX this morning have resumed trading.
Exchange trade funds for the Magellan Global Fund (MGOC), the Magellan Global EQ Fund (MHG), the Magellan Infrastructure Fund (MICH) and the Magellan-operated Airlie Australian Share Fund (AASF) all paused trading after encountering operational issues.
Magellan pauses listed funds amid operational issues
The news: Magellan Financial Group has placed four of its listed funds into a trading halt as it encounters operational issues with their trading.
The context: Exchange trade funds for the Magellan Global Fund (MGOC), the Magellan Global EQ Fund (MHG), the Magellan Infrastructure Fund (MICH) and the Magellan-operated Airlie Australian Share Fund (AASF) have all paused trading on Thursday.
What they said: Separate announcements to the market for each investment vehicle said market making had been "temporarily impacted by operational issues and is not currently in operation".
It added that the published iNAV, which tracks the net asset value of each fund had not been impacted and that the funds would be returned to active trading as soon as possible.
The source: ASX
