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.


Peter Rae

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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