Monash Absolute Active News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 b...

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...

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.