Listed credit trusts that hold a portfolio of corporate loans or other debt instruments are a rare bright spot in a gloomy Listed Investment Companies (LIC) market. But care is needed with credit trusts because some are complex and may not suit conservative investors.
Eight Listed Investment Trusts (LITs) have floated on the ASX in the past two years and more are likely. They are the KKR Credit Income Fund, Partners Global Income Fund, Perpetual Credit Income Trust, NB Global Corporate Income Trust, Qualitas Real Estate Income Fund, Gryphon Capital Income Trust, MCP Master Income Trust and the MCP Income Opportunities Trust.
Here is snapshot of the fixed income and credit Listed Investment Trusts: