The growing interest in listed credit funds – Livewire

 

April 2019 – (Livewire interview) The MCP Income Opportunities Trust (ASX:MOT) has just debuted on the ASX and is the latest in a growing pool of listed alternative income offerings.

The MOT offer closed in just nine days with demand exceeding the $300 million hard limit, meaning many investors were scaled back. As further rate cuts from the RBA look more certain this appetite is unlikely to fade anytime soon. Metrics is one group pioneering credit investment vehicles on the ASX.

Along with the listing of MOT, Metrics is seeking to raise additional capital for their flagship vehicle the MCP Master Income Trust (ASX:MXT).

Given that credit is a lesser-know asset class for many investors, Livewire asks Metrics’ Andrew Lockhart to provide an overview of the investments and outline some of the risks to consider.