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Contango Asset Management Ltd. ( (AU:APL) ) has provided an update.
AGP Investment Management and Muzinich & Co. have launched the Muzinich BDC Income Fund – Active ETF on the ASX under the ticker BDCI, giving Australian investors daily liquid access to a diversified portfolio of 20 to 45 US-listed business development companies and the US middle-market private debt sector. The actively managed fund, which applies Muzinich’s established Public BDC Income Strategy and targets monthly income distributions, aims to outperform the S&P BDC Index while offering diversification across more than 3,600 underlying borrowers and opening a previously hard-to-access segment of the private credit market to local investors.
The most recent analyst rating on (AU:APL) stock is a Hold with a A$0.33 price target. To see the full list of analyst forecasts on Contango Asset Management Ltd. stock, see the AU:APL Stock Forecast page.
More about Contango Asset Management Ltd.
AGP Investment Management Limited, part of Associate Global Partners, acts as a responsible entity and fund manager offering listed investment products to Australian investors. It has partnered with New York-based Muzinich & Co., a global corporate credit specialist with A$59 billion in assets under management, to provide access to public and private credit markets, particularly through strategies focused on US-listed business development companies and middle-market private debt.
Average Trading Volume: 24,900
Technical Sentiment Signal: Buy
Current Market Cap: A$17.26M
For an in-depth examination of APL stock, go to TipRanks’ Overview page.