Magellan Financial Group
(ASX:MFG) say it is potentially launching a new ASX-listed investment vehicle later this year.
It comes as the specialist fund manager responded to speculation about the company developing a new investment.
Magellan says the vehicle will leverage its existing global equities strategy, while it will also have a number of distinguishing features.
The company says although the proposal is incomplete at this stage and there is no certainty it will proceed with the launch.
Shares in Magellan Financial Group
(ASX:MFG) are trading 0.54 per cent higher to $28.16.
