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Alternative Investment Trust (AIQ)
Alternative Investment Trust (ASX: AIQ) is a listed investment trust (LIT) on the Australian Securities Exchange. It provides investors with exposure to a diversified portfolio of alternative assets, primarily through investments in a global diversified portfolio of hedge funds. The trust aims to generate long-term capital growth and income for its unitholders by accessing investment strategies not typically available to retail investors.
Market Cap
A$77M
Shares on Issue
N/A
Price Chart
AI Analysis
AIQ's current business position is that of a small-cap listed investment trust, with its performance directly tied to the Net Tangible Assets (NTA) of its underlying global hedge fund portfolio. Recent performance would reflect the global market conditions and the specific strategies employed by the underlying fund managers. As a micro-cap LIT (A$77M), its share price can often trade at a discount or premium to its NTA, influenced by investor sentiment, liquidity, and perceived value of its alternative asset exposure, which can add a layer of speculation beyond the underlying asset performance.
The growth outlook for AIQ is dependent on the performance of its diversified hedge fund investments and the expertise of its investment manager in navigating complex alternative asset markets. Upcoming catalysts could include sustained outperformance of its underlying funds, a narrowing of any NTA discount due to increased investor demand for alternative assets, or strategic capital management initiatives such as distributions or buybacks. The strategic direction remains focused on maintaining a robust and diversified portfolio of alternative investments to deliver long-term returns and provide diversification benefits to unitholders.
Bull Case
- • Strong performance from the underlying global hedge fund portfolio, leading to consistent growth in Net Tangible Assets (NTA) per unit.
- • A narrowing of the discount between AIQ's share price and its NTA, driven by increased investor confidence or improved market liquidity for alternative assets.
- • Increased investor appetite for diversification and exposure to non-traditional asset classes, particularly during periods of equity market volatility, driving demand for AIQ units.
Bear Case
- • Underperformance or losses within the underlying hedge fund portfolio, negatively impacting AIQ's NTA and overall returns.
- • A widening of the discount to NTA, potentially due to sustained poor performance, lack of investor interest, or general market risk aversion towards alternative investments, particularly for a small-cap trust.
- • High management fees or adverse currency movements eroding returns, especially if the underlying portfolio struggles to generate sufficient alpha.
Recent Announcements
Dividend/Distribution - AIQ
🚨 Price SensitiveAIQ will pay a dividend of $0.50 per share on March 15, providing investors with an additional income stream from their shares in the company listed on ASX. Investors are advised to review their portfolios and consider holding onto AIQ for
AIQ NTA Factsheet December 2025
Net Tangible Asset Backing December 2025
FAQs
What does AIQ do?
AIQ, the Alternative Investment Trust, invests in a diversified global portfolio of hedge funds and other alternative assets. Its primary goal is to provide Australian investors with access to these non-traditional investment strategies for capital growth and income, which are typically difficult for individual retail investors to access directly.
Is AIQ a good investment?
As a small-cap listed investment trust focused on alternative assets, AIQ can offer diversification benefits and exposure to unique investment strategies. However, its performance is subject to the inherent risks of hedge funds and market conditions, and its share price can trade at a discount to its Net Tangible Assets (NTA). It carries a more speculative nature than larger, more liquid trusts or traditional equity investments, making it suitable for investors with a higher risk tolerance seeking alternative asset exposure.
What drives AIQ's share price?
AIQ's share price is primarily driven by the performance of its underlying global hedge fund portfolio, which dictates its Net Tangible Assets (NTA) per unit. Other key drivers include investor sentiment towards alternative investments, the size and persistence of any discount or premium to NTA, the trust's distribution policy, and the broader economic and market environment impacting global alternative asset classes.
Key Metrics
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