The Wealth Show

Majedie fund manager Tom Morris talks about the Metaverse, and he is investing in the new wave of the internet. We also speak about how luxury brands like Gucci, Louis Vuitton and Burberry are rolling out virtual products in these new digital spaces.

Stephen Yiu, manager of the Blue Whale Growth fund, spoke about his narrow escape from both Meta and PayPal’s dismal share price dips last week. At the end of June last year, Facebook was the third largest holding in Blue Whale Growth at 6.9%. However, Yiu said that he had been gradually lowering the holding during the second half of the year, and that before the firm’s results last week the holding was less than 1% of the portfolio.

Traditional asset managers have ramped up efforts to expand their private markets divisions, not only targeting institutions with their products but also leveraging their existing relationships with wealth managers and advisers to launch funds targeting this growing segment of customers. Schroders Capital has made sure that it is leading this trend. In this interview, Rainer Ender, head of private equity at Schroders Capital, talks about the asset manager’s product plans, how it will be in the first wave of managers using the UK’s Long-Term Asset Fund and why he’s not worried about returns coming down.