Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

Invest

Diversity name of the asset game

By Reporter · September 09 2019
Reading:
egg
egg
World map
Diversity name of the asset game

Diversity name of the asset game

author image
By Reporter · September 09 2019
Reading:
egg
egg
World map

Despite negativity surrounding property market changes, stock market volatility and emerging markets, an investment manager has earmarked the current environment as able to provide significant returns for investors through diversity and divestment.

Speaking to David Stratford last week on a new episode of Nest Egg’s Meet the Manager series, Mayfair 101 managing director James Mawhinney said that despite the environment being quite challenging and uncertain, the company is seeing “a complete abundance of opportunities at the moment”.

For the managing director, “the thing that gives me great comfort and helps me sleep very well at night… is the fact that we are investing in such a diversified asset base, by virtue of the fact that we have investments in 11 countries”.

“These 11 countries aren’t all neighbouring countries in Europe, for example.”

“They are genuinely spread all over the world – everything from the United Kingdom, through to Hong Kong, through to Sri Lanka, into the United States and obviously our homeland here, Australia,” Mr Mawhinney outlined.

Advertisement
Advertisement

Not only is geographical diversity important for an asset pool, the managing director has flagged the importance of sector diversification.

“We have everything now from property right through to fintech-related businesses,” according to Mr Mawhinney.

With businesses that have the capacity to generate a hundred times plus his company’s original investment, and others that have the capacity to only generate a smaller margin on Mr Mawhinney’s books, the director said that for Mayfair 101 and its brand Mayfair Platinum, it’s about “making sure that we’ve got an asset pool that we’re very comfortable with, with the things that are going on around the world”.

Current highlights are Brexit, the trade wars and negotiations between US and China, the Australian property market, and the overriding low interest rates in first world economies like the United Kingdom and Australia, he said.

The extremely diverse asset base “is very well positioned to sustain a lot of the potential economic challenges that we are seeing”, Mr Mawhinney said.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article
author image

About the author

Reporter

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Copyright © 2019 MOMENTUM MEDIA