Moelis Australia is seeking to publicly list a new fixed income fund on the Australian Securities Exchange in the second half of this year, targeting 5.5 per cent returns.
The new open-ended fund, which it is hoped will grow to more than $100 million, will invest in credit products from property to businesses.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com