Aurora trust an infrastructure first
Aurora Funds Management has launched the initial public offer for the Aurora Infrastructure Buy-Write Income Trust, its fifth ASX-listed investment trust in two years.
Claimed to be Australia’s first listed buy-write income trust over global infrastructure securities, the trust follows the launch of Aurora’s first buy-write property income trust in June.
It aims to generate additional semi-annual income through selling call options over a portfolio of 20 global listed infrastructure securities.
It offers retail investors the shelter of the globally diversified and defensive investment sector at a time of increasing share market volatility, according to Aurora Funds Management director Hugh Latimer.
“Investors will be able to access a sophisticated buy-write strategy on globally listed infrastructure securities with partial currency hedging through one listed investment trust.”
Talon Infrastructure has been appointed investment manager to the trust and will advise on its global investment selection.
Barclays Capital, one of the world’s largest structured product groups, will advise Aurora on the execution of the trust’s global investment strategy.
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