Aurora launches Aurora Property Buy-Write Income Trust

Aurora Funds Management is pleased to announce the successful capital raising of $46m into the Aurora Property Buy-Write Income Trust.

The Trust is an innovative Australian fund that targets a high income return over a three to five year investment horizon. The investment strategy seeks to capture returns from investing in some of Australia’s leading ASX listed property securities, with the objective of increasing the income generated by implementing an active call option selling (‘writing’) strategy.

The Trust will also seek to protect the portfolio against extreme market conditions through the purchase of 3-month over the counter put options on each security at, or around, 90% of the then prevailing market price.

Source: http://www.aurorafunds.com.au/aurora-launches-aurora-property-buy-write-income-trust/