MCP Master Income Trust: A focus on fixed income

Peter Rae

Independent Investment Research has initiated coverage of MCP Master Income Trust (ASX:MXT), a listed investment trust that invests in a diversified portfolio of loans to Australian companies. It does so through investments in several wholesale funds managed by Metrics Credit Partners (MCP), an Australian debt-specialist fund manager with significant direct lending expertise in the Australian corporate loan market. MCP is the Manager for the trust, and is targeting a return equal to the RBA Cash Rate plus 3.25% per annum net of fees (4.75% p.a. based on current rates) with monthly cash distributions. Read our full report for more details including our rating for MXT.


About this contributor

Peter Rae

Peter Rae

, Independent Investment Research

Peter has 35 years’ experience in the banking and finance industry, including 15 years as an equities analyst. Peter was a sector head in the equities research team at Morningstar with a focus on consumer and industrial companies.

Expertise

ASX:CIE ASX:WAM ASX:WAX ASX:AFI ASX:ARG ASX:MLT ASX:PL8

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