Blue Whale bets on Mastercard and Visa as inflation hedge

Manager Stephen Yiu

Blue Whale has praised Mastercard and Visa for “sitting at a fortunate confluence of finance and technology” and providing a “great inflation hedge”.

The two companies are among the top ten holdings for the Blue Whale Growth fund, and lead fund manager Stephen Yiu highlighted their ability to benefit from the shift to a cashless society and from higher inflation as consumers ramp up their spending. He explained: "With prices up across the board, when consumers go to top up their car with fuel, or buy their weekly groceries, Visa or Mastercard will take their percentage of each inflated debit/credit card payment. In addition, as people look to maintain their current standard of living, they may be forced to put more on their credit car...