MOT & the new Metrics Fund MRE

Hi Michael & Peter,

The Metrics Opportunity Trust (MOT) has been a great performer and has done what it said it would do on the tin! We used to own the Metrics Master Income Trust (MXT) in the Market Matters Income portfolio, though sold it as we saw the composition of their portfolio changing, essentially increasing the risk, which proved to be the wrong move in hindsight. The rationale for our sale was discussed here.  In terms of private credit more generally, we like the asset class, however. we think investors should exercise caution and be selective in the managers they use – we discussed this concept here.

The Metrics Real Estate Multi-Strategy Fund is a stapled structure, which would give holders access into two of Metrics existing wholesale funds, being the Metrics Real Estate Multi-Strategy Passive Trust and the Metrics Real Estate Multi-Strategy Active Trust. Andrew Lockart and the team at Metrics have nailed the private credit space, and they’re good at what they do. Whereas most of the other metrics funds focus on the debt side, this new stapled security will have exposure in different levels of the capital stack in property, from debt up to equity.

In essence, the new fund will be able to take advantage of the broader trends playing out in commercial, residential and industrial property, targeting 10-12% returns pa. It looks solid, on the risker side, but a solid offering by a good manager with a proven track record.

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Metrics Income Opportunities (MOT)

LAST UPDATED 20/09/2024 19:15

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Metrics Income Opportunities (MOT)

LAST UPDATED 20/09/2024 19:15