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Listed investment trusts tipped for growth in 2019

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An Aussie fund manager it tipping listed investment trusts as growth area for 2019, after several successful launches and swelling demand from investors for transparency and exposure to growth assets. 

“There is a growing trend in fund managers moving to listed trust structures. This is the fourth ASX fund listed in the last year which we have been involved in,” Glen Dogan, general manager at Perpetual Corporate Trust said.

“Listed products generally provide ease of distribution to retail clients, access to established fund managers, and much sought after transparency.”

Recent wins

His comments come as Ophir Asset Management announced its listing of a managed investment trust, Ophir High Conviction Fund, on the ASX.

The fund has approximately $440 million in funds under management, and will offer investors exposure to a portfolio of high-performing Australian growth companies listed outside of the S&P/ASX 50.

“The conversion of the fund to an ASX-listed investment trust will provide the Ophir investment team with a stable pool of capital to invest throughout the market cycle,” Rob Saunders, director and head of sales at Ophir Investment said.

“Having generated 20.2% per annum since the Fund was launched in August 2015, we are looking forward to continuing to generate strong performance for our unitholders, with the added advantages now provided by the enhanced structure.”

Perpetual Corporate Trust has acted as the independent provider of Responsible Entity (RE) services for the Fund.

Listed investment trusts tipped for growth in 2019
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