Mercuria and Airborne Launch JPY 150 Billion Open-Ended Aircraft Fund
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
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Source: Businesswire
- Innovative Fund Structure: The MACH OE fund launched by Mercuria and Airborne will be the first open-ended aircraft fund by a Japan-based asset manager, targeting an asset size exceeding JPY 150 billion, aiming to provide flexible investment options that attract more institutional investors.
- Growing Market Demand: Despite the aviation industry's severe disruption due to the pandemic, global passenger demand has rebounded to pre-pandemic levels and is expected to continue growing in the coming years, providing a strong market foundation for MACH OE's investment strategy.
- Strategic Partnership: Daiwa JPI Alternative Investments will support MACH OE by providing investor introductions and operational services, further solidifying the collaboration between Mercuria and Airborne, with the goal of enhancing the market appeal of aircraft investments through joint efforts.
- Long-Term Investment Potential: MACH OE will focus on leasing popular aircraft types to high-quality airlines, expected to generate stable cash flows for investors, aligning with Daiwa Securities Group's strategic goal of positioning Japan as a leading asset management nation.
Analyst Views on MHD
Wall Street analysts forecast MHD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MHD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About MHD
BlackRock MuniHoldings Fund, Inc. (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide shareholders with current income exempt from United States federal income taxes. The seeks to achieve its investment objective by investing primarily in a portfolio of medium- to lower-grade or unrated municipal obligations. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from United States federal income taxes. The Fund invests at least 75% of its assets in municipal bonds that are rated in the medium to lower rating categories. The Fund may invest directly in such securities or synthetically through the use of derivatives. The Fund invests in various sectors, such as transportation, health, utilities, education, tobacco, corporate, and housing, among others. BlackRock Advisors, LLC is the Fund's investment advisor.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
