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2 unsexy ASX shares going gangbusters for us: expert

Monash sees success in ETF move | Money Management

Monash sees success in ETF move | Money Management
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Monash restructures LIC to launch ETF: We will not be the last

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. 

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