The board of the Mobius Investment Trust has approved a tap issuance for the company, which raised £100m in its September Initial Public Offering (IPO), according to portfolio manager Carlos Hardenberg.
Last week, the Mobius Capital Partners co-founder said the decision was part of a "growth strategy" for the trust, which is now trading at a premium of 4.2%, allowing it to issue new shares at a premium...
Partner Insight: In this environment, a well-resourced credit research team is essential and having traders to keep check on markets is very helpful too, according to Fidelity fixed income managers Sajiv Vaid, Peter Khan and Kris Atkinson
Impact of political turmoil and Brexit
Latest Incisive Works research
In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.
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