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Chris Wyke from MA Financial (ASX:MAF) reports a strong first quarter, with $10.3 billion in assets, a 7% increase. Despite market volatility, the company maintains positive results, especially in their asset management and residential lending businesses.
Chris notes a 52% increase in gross fund flows, reaching $776 million, and a substantial growth in their loan book. He acknowledges that market uncertainties make decision-making challenging, but sees consistent returns from investments in defensive asset classes.
The advisory side remains stable; however, Chris is cautious about deal flows amid US market volatility. The MA credit income fund, launched recently, shows promising stability with a trailing 12-month return of 4.78%. The defensive asset portfolio appeals to investors, aiming to maintain robust yields.