Senior Trust Management (STML) is one of the latest firms to be licensed under the Financial Markets Conduct Act.
SMTL executive director Scott Lester says the new Act is a strong piece of legislation that will confer significant benefits on the investor community and provide confidence to New Zealanders seeking to invest in managed investment schemes.
STML is the manager of the Senior Trust Retirement Village Listed Fund, a managed investment scheme that was listed on the NZX Main Board in December 2015. The fund makes loans to carefully selected, well located and soundly run retirement villages and aged care facilities. STML limits loans to a maximum of 60% of the value of the retirement village or aged care facility as determined by an independent registered valuation.
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