Perpetual Corporate Trust has been named the responsible entity of Metrics Credit Partners’ Master Income Trust.
The MCP Master Income Trust, which has listed on the ASX after raising more than $515 million from investors, has announced Perpetual Corporate Trust as its responsible entity (RE).
The fund, which is dedicated to corporate lending and managed by Metrics Credit Partners, provides a "rare opportunity for non-bank investors to invest in diversified Australian corporate fixed income", said Perpetual Corporate Trust general manager of managed fund services Andrew Cannane.
"Metrics [has] an experienced team with a proven track record – qualities that resonate strongly with Perpetual – and we look forward to continuing to work with them as they grow their business," Mr Cannane said.
MCP managing partner Andrew Lockhart said, "Investing in corporate loans has traditionally been a market dominated by regulated banks, making it difficult for non-bank investors to access.
"There was significant interest in the IPO from retail and SMSF investors. This highlights their appetite to gain access to a listed, fixed income product, which is a vital component of a balanced investment portfolio.
"We have a committed and dedicated team focused on high performance and Perpetual’s brand and expertise in the RE space will substantially benefit our business."
Anyone expecting an RBA rate cut to trigger a repeat of the six-year property boom we experienced from 2011 needs to think again, according ...
The Reserve Bank has warned of negative equity risks among off-the-plan property buyers and the broader economic consequences of a supply gl...
Australian asset managers will be aggressively buying yield assets as the US Federal Reserve has delayed further interest rate increases for...