Magellan Financial Group Ltd(ASX: MFG) co-founder Hamish Douglass has a reputation as being one of the ASX's top fund managers. And for good reason too. Magellan has a stellar record of market outperformance that would turn other fund managers green with envy. The company's flagship Global Fund has returned an average of 15.86% per annum over the past 10 years outperforming its benchmark by an average of 3.67% per annum.
Needless to say, if Douglass has something to say, most investors are happy to listen.
So on that note, today we'll be looking at the updates Magellan has just provided for its funds for the month of July, which include the shares that Magellan was holdings in its portfolios as of 31 July.
