Barrack Street Investments has listed on the ASX after raising $16 million through its initial public offering.
The fund is managed by boutique Australian equities manager ECP Asset Management and invests in a portfolio of quality small and mid-cap ASX-listed companies.
ECP Asset Management head Dr Manny Pohl thanked the brokers involved in the raising and said he was pleased SMSF trustees and other investors were recognising the need to diversify beyond the Top 50 ASX stocks.
“We have a number of people to thank for this successful capital raising, including Morgans Corporate who was the lead manager to the offer,” said Dr Pohl.
Dr Pohl said the listed investment company is targeted at small super funds with fewer than five members and aims to achieve medium- to long-term capital growth and income through fully franked dividends.
After Labor has secured a somewhat surprising landslide win in the federal election, the FSC CEO said this will now be a ...
Platform executives are pushing for more advice revenue to be invested in advice tech capabilities, labelling the ...
The licensee said around 80 per cent of eligible Brighter Super members have confirmed they will transition their advice ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin