MAGELLAN - In The Know

How should investors think about Israel and decision making?

How should investors think about recent events in Israel, and what impact does this have on Ukraine and Taiwan? In this fascinating episode of Magellan In The Know, former Acting Director of the Central Intelligence Agency, Michael Morell talks about the potential impact on markets with Magellan Portfolio Manager and Head of Macro, Arvid Streimann. They also discuss how investment and national security professionals make decisions when facing uncertainty.

Energising the Future: Sempra’s Innovative Infrastructure Journey

A country boy who studied at West Point to become a US Army helicopter pilot, Sempra chairman and CEO Jeff Martin now commands a Fortune 500 company with US$79 billion of energy infrastructure assets. By developing a hyper-aligned, high-performing culture to capitalise on some of the fastest growing economies, he has led Sempra to become North America’s premier energy infrastructure company. In this episode of Magellan in the Know, Portfolio Manager Jowell Amores discusses Jeff Martin’s personal journey it’s imprints on Sempra’s culture, and how he’s developed this major company into an investment with bond-like stability and tremendous compounding growth. Jeff Martin offers profound insights into why Sempra is not just an energy leader, but a smart investment choice.

Cultivating change – Nestlé’s leading approach on sustainability and creating shared value

It’s one of Magellan’s oldest and most dependable investments, and the extraordinarily diverse Nestlé company, with its enormous stakeholder base, has risen to the challenge of the new sustainability regime. In this episode, Magellan’s Portfolio Manager Elisa Di Marco, and Investment Analyst, Tracey Wahlberg discuss how environmental values are driving corporate culture with Rob Cameron, Nestlé’s Global Head of Public Affairs. They talk through the company’s net zero approach, and its commitment in leading its supply chain to embrace regenerative agriculture, recycling, packaging innovation and human rights. And Rob Cameron explains how these initiatives benefit shareholders, through growth opportunities and cost discipline.

Behind the screens: The evolution of streaming services and the investment case for Netflix

It may be a disruptive success, but the on-demand video streaming sector has had its own challenges recently. In this episode, Magellan’s Portfolio Manager Arvid Streimann and Magellan Sector Head of Finance and Technology Ryan Joyce go behind the screens to take an in-depth look at the history and current state of streaming services, the importance of scale, Hollywood strikes, and regulation. They also reveal how one of the industry leaders, Netflix, has adapted its strategy and is likely to benefit from its recent crackdown on password sharing.

Building the future - drilling into sustainability at Lowe’s

It’s the American version of Bunnings, but much bigger. Lowe’s isn’t only a good business investment, it’s a good business full stop, thanks to its proud and honourable commitment to sustainability - from its supply chains to its customers. In this episode, Magellan Investment Analyst Tracey Wahlberg and Magellan’s Head of ESG Amy Krizanovic, are joined by the Lowe’s Vice President of Corporate Sustainability, Chris Cassell, to discuss the company’s sustainability strategy and how it aligns with financial drivers. They delve into the firm’s materiality assessment, engagement with employees, progress in climate risk management, and net-zero goals, as well as achievements in emissions reduction and sustainable innovation.

Beyond the sheets: Dissecting the downfall of a US retail giant

The consumer cycle is turning, creating a challenging operating environment for retailers and a period of volatility for investors. In this episode, Hannah Dickinson, Sector Head of Franchises joins Magellan Portfolio Manager Jowell Amores to dissect the downfall of a company that was once a go-to retailer in the United States. They look at the case study of Bed Bath and Beyond, a US-based retailer that went from market juggernaut to bankruptcy as it struggled to maintain market share and adapt to changing consumer preferences. This story highlights the importance of strong management, sensible capital allocation and sustainable competitive advantages when considering the prospects of any retailer. It’s a salutary story of what not to do in the consumer space, which has important lessons for any investor.

Consumer deep dive — how best to weather the storm

As consumers contend with the cost of living, interest rates and the fallout from a pandemic and a war, it’s time to look at how Magellan is shoring-up its consumer investments by concentrating on pricing power, inflation protection and durable competitive advantage. In this episode, Magellan’s Head of Listed Funds, Jennifer Herbert is joined by Sector Head of Franchises & Healthcare Hannah Dickinson, and investment analysts Lucina Martin, and James Macdonald, for a broad exploration of the investment tactics used to identify the quality, compounding consumer-centred companies that will weather the wild economic storms.

American Water — a pipeline to dependable returns

Even during volatile times, one of Magellan’s portfolio holdings has generated outstanding returns, and continues to deliver. American Water Works, which is the largest publicly traded US water and wastewater utility company, has generated returns of 400 per cent over the past ten years, and continues to be one of Magellan’s most reliable assets. In this episode, Infrastructure Portfolio Manager Jowell Amores speaks with American Water’s President and CEO, Susan Hardwick, in an insightful discussion about how the company’s simple strategy is providing attractive and consistent returns.

Cyber security – the new world order

A globally recognised cyber communications expert and former Chief Information Officer to the US president, Suzette Kent brings a world of experience to the realm of cyber and data security. In this episode of Magellan, In the Know, Magellan Head of Macro and Portfolio Manager Arvid Streimann speaks with Suzette Kent in a broad-ranging discussion about the new cyber security landscape. Are companies concentrating enough on internal security? Which sectors are most at risk? How do you tell if a prospective investment is cyber secure? All these questions and more are answered in this instructive and informative episode.

 

The information contained in this podcast is for general information purposes and does not constitute investment advice. You should seek investment advice tailored to your circumstances before making any investment decision. Opinions stated are Ms. Kent’s own and not to be considered reflective of any of the organizations with whom she affiliated.

2023 — The investment year ahead

With one of the toughest of investment years - 2022 - now behind us, it’s time to look at the road ahead, its tailwinds and potential pitfalls. In this new year episode of Magellan in the Know, Head of Listed Funds Jennifer Herbert discusses the landscape in 2023 with Magellan’s Global Portfolio Managers Nikki Thomas and Arvid Streimann. With the abrupt rise in interest rates probably now behind us, and with a slowdown on the horizon, they outline Magellan’s investment philosophy of delivering an absolute return over time through thoughtful risk assessment and due diligence on the underlying value of companies. Europe and China may be in the process of emerging from darker times, but some fundamental risks are still apparent, so they say it’s a time to pay attention to sound investment frameworks and stick to them.