That surprised me a little but it might be a sign that Smithson is gobbling up all the demand at the moment. Or the onslaught of negative stories about emerging markets in general has put investors off.

The lack of interest in Mobius might be a good sign for long-term returns however!

M&G Credit Income Investment Trust details have been released this morning:
https://investegate.co.uk/m–38-g-credit-income-investme–mgci-/eqs/publication-of-prospectus/20180926130816ETQNA/

The Company aims to provide regular and attractive income with low asset value volatility by investing in a diversified Portfolio of public and private credit opportunities. Over the longer term, it is expected that the Company will be mainly invested in private debt instruments and that the Portfolio will typically consist of 100+ holdings, with a minimum of 50 holdings. The Company will target an annualised dividend yield of LIBOR plus 2.5% (on the Issue Price) in respect of the Company’s first financial period to 31 December 2019 while the net proceeds of the Initial Issue are being deployed. The Company will target an annualised dividend yield of LIBOR plus 4% (on the opening Net Asset Value per Ordinary Share) in respect of each financial year thereafter.*

It looks like the majority of distributions will be classed as interest for private investors, rather than dividends.

The Directors intend to apply the ‘‘streaming’’ regime to distributions of portfolio interest returns paid by the Company, such that these distributions are expected to be designated as payments of interest. If appropriate, in addition to, or instead of, interest distributions, the Company may also pay ordinary corporate dividends.