Watermark has announced the launch of a new Listed Investment Company: Watermark Market Neutral Fund (WMK).The first round of access is through a broker firm allocation, prior to the shareholder & general offer and listing in June.
The Shares aim to provide investors with a 12% pre tax return and pay a 5% fully franked dividend (subject to available franking credits). The Shares will be tradable on the ASX.
This issue is the launch of a market neutral strategy from the manager of
