Current Unit Price: (20 min. delayed price) ASX:MXT $2.03 0.00%
NAV as at COB: 21.04.21 $2.0057
Current Unit Price: (20 min. delayed price) ASX:MOT $2.00 0.50%
NAV as at COB: 21.04.21 $2.0352

LATEST NEWS

Metrics launches its first fund for New Zealand investors

Metrics Credit Partners, Australia’s leading non-bank corporate lender, has launched its first fund for New Zealand investors. The Metrics Multi-Strategy Private Debt (NZ) Fund offers wholesale investors exposure to the New Zealand and Australian corporate loan markets, both of which have traditionally been dominated by the banks.

Launched in February 2021, the unlisted fund invests in loans to a wide range of borrowers, including public and private companies; infrastructure providers; project finance groups; private equity sponsors; and real estate construction and development firms.

Metrics Managing Partner Andrew Lockhart said the fund launch was a response to rising demand from New Zealand investors for reliable income in an environment of record low local interest rates, and the natural next step after Metrics opened a New Zealand office in Auckland last year: “Given our commitment to the New Zealand market, we wanted to look for opportunities not only to lend to New Zealand companies but also to create innovative investment products for New Zealand investors.”

The Metrics Multi-Strategy Private Debt (NZ) Fund aims to provide monthly cash income, low risk of capital loss, and portfolio diversification, by investing in a well-diversified portfolio of Australian and New Zealand corporate loans. The New Zealand fund targets an annual return of 3.25% over the RBNZ Official Cash Rate, net of fees and costs, through the economic cycle.

A strong team of on the ground experts in NZ

Metrics, which commenced operations more than eight years ago, has a well-established track record of originating and funding loans in the Australian and New Zealand corporate debt markets.

The launch of Metrics’ first New Zealand investment product follows the firm’s Auckland office opening in early in 2020. Metrics has a dedicated local team of financial experts to take advantage of increasing opportunities for non-bank lenders in New Zealand.

Auckland-based Wayne Skerten, Richard Mandeno and Devna Bilimoria have significant experience in the financial services sector across Australia, the UK and New Zealand.

A win-win for non-bank lenders and investors

The launch of the Metrics Multi-Strategy Private Debt (NZ) Fund gives New Zealand investors access to a market that has previously had high barriers to entry. This has largely been due to the dominance of the major banks, the high cost of entering the market directly, and borrowers’ desire to deal with established lenders with significant experience and expertise.

Mr Lockhart said the opportunity for non-bank lenders has opened up in the Australian and New Zealand corporate debt markets due to stricter regulation and capital adequacy requirements for banks. These requirements have increased the banks’ lending costs, which have been passed onto borrowers, making it viable for non-bank lenders to compete in the market.

“The investment choices available for New Zealanders in their local currency have been quite limited, so it is fantastic to provide investors with the option to capitalise on the growing opportunity in the corporate loan market,” Mr Lockhart said.

“By investing in the market via an unlisted managed fund, New Zealand investors can access greater levels of diversification compared to investing in single-name corporate bonds, receive monthly income, and know the portfolio is actively managed by a team of experienced professionals with a demonstrated track record of managing investor capital to protect downside risk and deliver on investment target returns—all in a low-cost investment proposition. So, we feel this is an exciting product to be offering to the market.”

Metrics plans to develop a similar fund for retail investors in New Zealand later in the year amid strong demand for capital stability and diversification in the wake of the volatility seen in public equity markets during the COVID-19 pandemic.

Mr Lockhart said corporate loans had a low correlation to other major asset classes, including equities and bonds, providing excellent diversification opportunities.

Current Unit Price: (20 min. delayed price) ASX:MXT $2.03 0.00%
NAV as at COB: 21.04.21 $2.0057
Current Unit Price: (20 min. delayed price) ASX:MOT $2.00 0.50%
NAV as at COB: 21.04.21 $2.0352

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All website content in respect of the MCP Master Income Trust ARSN 620 465 090 (the Trust) is issued by The Trust Company (RE Services) Limited ABN 45 003 278 831 AFSL 235 150 (Perpetual) as responsible entity of the Trust and is prepared by Metrics Credit Partners Pty Ltd ABN 27 150 646 996 AFSL 416 146 (Metrics) as the investment manager of the Trust.

The information provided in this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Trust, you should consider the current product disclosure statement (PDS) of the Trust and the Trust’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au/, and assess whether the Trust is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

Neither Perpetual nor Metrics guarantees repayment of capital or any particular rate of return from the Trust. Neither Perpetual nor Metrics gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Metrics as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

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Personal Trading in Non-Perpetual Securities | RE Services Personal Trading in Non-Perpetual Securities | Unitholders Communications Policy | Continuous Disclosure Policy

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned May/2019) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines

Disclaimer and disclosure

All website content in respect of the MCP Income Opportunities Trust ARSN 631 320 628 (the Trust) is issued by The Trust Company (RE Services) Limited ABN 45 003 278 831 AFSL 235 150 (Perpetual) as responsible entity of the Trust and is prepared by Metrics Credit Partners Pty Ltd ABN 27 150 646 996 AFSL 416 146 (Metrics) as the investment manager of the Trust.

The information provided in this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Trust, you should consider the current product disclosure statement (PDS) of the Trust, and the Trust’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au, and assess whether the Trust is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

Neither Perpetual nor Metrics guarantees repayment of capital or any particular rate of return from the Trust. Neither Perpetual nor Metrics gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Metrics as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

Cororate Governance
Personal Trading in Non-Perpetual Securities | RE Services Personal Trading in Non-Perpetual Securities | Unitholders Communications Policy | Continuous Disclosure Policy

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned May/2019) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines

Disclaimer and disclosure

All website content in respect of the Metrics Direct Income Fund ARSN 641 620 331 (the Fund) is issued by Evolution Trustees Limited ACN 611 839 519 AFSL 486 217 (Evolution) as responsible entity of the Fund. Metrics Credit Partners Pty Ltd ABN 27 150 646 996 AFSL 416 146 (Metrics) is the investment manager of the Fund.

The information provided in this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Fund, you should consider the current product disclosure statement (PDS) of the Fund which is available at www.metrics.com.au, and assess whether the Fund is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

Neither Evolution nor Metrics guarantees repayment of capital or any particular rate of return from the Fund. Neither Evolution nor Metrics gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Metrics as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

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