http://www.gcapinvest.com/gci/
anyone had a look at this IPO ?
seeking to raise $350M
LIT structure
ASX code GCI
investing in RMBS & ABS , floating rate
target returns RBA cash rate + 3.5% ( after fees ) ie about 5% p.a at current rates.
might be a useful diversifier to an equity portfolio
Australian RMBS has ( so far ) been a pretty safe investment, but yes there are potential risks
