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Monash sees success in ETF move | Money Management

Monash sees success in ETF move | Money Management
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10 recent developments in the listed investment space

Switzer Daily FuturePay Lists on Chi-X FuturePay (Managed Fund) (Chi-X: FPAY) commenced trading on 2 June 2021. FPAY seeks to provide investors predictable, monthly distributions that grow with inflation, with the potential for capital growth and protection in down markets. The Fund is managed by Magellan Asset Management and seeks to achieve its objective through an investment in a portfolio of securities that replicate a blend of the Magellan Global Plus strategy (50%- 60%) and the Magellan Core Infrastructure strategy (40%-50%), in combination with a reserving strategy whereby cash will be directed to a discretionary trust (“Support Trust”) to support distribution payments if the portfolio performance is insufficient to meet the distribution

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Monash exits troubled LIC structure | Money Management

Print Monash Investors has restructured its listed investment company (LIC) Monash Absolute Investment Company into an exchange traded managed fund (ETMF), admitting it was a mistake to opt for the former structure. It would list today and be renamed as Monash Absolute Active Trust following shareholder approval. Actively managed, it had a yield target of 6% per annum and a management fee of 1.38% per annum. Opting for an ETMF would provide appropriate fair value liquidity as well as creating a pathway for greater funds under management, Monash said. The original LIC was launched in 2016 and ‘within two years’, portfolio manager Simon Shields said the firm had realised its mistake and tried to adjust the structure. It would have been completed earlier but was delayed by a review by the Australian Securities and Investments Commission (ASIC) into the ETMF sector which was finalised in April 2020.

South australiaMonash absolute activeInvestments commissionMonash absolute investment companyMonash investorsMonash absolute active trustSimon shieldsAustralian securitiesதெற்கு ஆஸ்திரேலியாமுதலீடுகள் தரகுமோனாஷ் முதலீடு நிறுவனம்மோனாஷ் முதலீட்டாளர்கள்சிமோன் கவசங்கள்ஆஸ்திரேலிய பத்திரங்கள்

Eyeing a new structure, outperformer Monash LICs its wounds

Monash Investors has ditched its perpetually discounted listed investment company and become the first fund on the ASX to restructure from a LIC to an exchange traded managed fund.

South australiaJessica hromasMonash absolute activeMonash absolute investment companyMonash investorsInvestor simonMonash absolute active trustதெற்கு ஆஸ்திரேலியாமோனாஷ் முதலீடு நிறுவனம்மோனாஷ் முதலீட்டாளர்கள்