Category: Masterclass

The real assets space is often painted with a brush that suggests the asset class is highly homogenous. In fact,

China has always had its doubters, even though its economic achievement is indisputable. In four decades, close to 800 million

Much has been written about the so called Great Intergenerational Wealth Transfer and rightly so, because this constitutes the largest redistribution of wealth in human history. To summarise what this means; in most developed countries (and particularly in New Zealand and Australia), a substantial portion of overall wealth is held by individuals born between the end of World War II and the mid-sixties (the so called “baby boomers”). Clearly a large proportion of the assets currently held by individuals in that age bracket will pass to their heirs over the next 20 – 30 years.

Updated: April 2022
As Portfolio Manager of the Milford Dynamic Fund my focus is on smaller companies, and one of the