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Profile: Nutmeg - 'there is regulatory momentum behind us'
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by Danielle Levy on Jul 18, 2014 at 10:25
Port views a slowdown in China as one of the biggest concerns.
‘The biggest risk is not Europe, it is China. China is already loosening policy and taking selective measures to stimulate parts of the economy,’ he says.
‘The simple risk is that we just don’t know what the risks are with slower Chinese growth… Chinese growth may even be on average 5% going forward and we don’t know the impact on political risk, alongside the banking and shadow banking sectors.’
While China and the global economy clearly still face some headwinds, Port says the big challenge for Nutmeg is to get the message across to the man on the street that he deserves to have a full portfolio rather than a product.
Port acknowledges trying to undo decades of marketing and a long-held reliance on financial products could take some time, but he is relishing the challenge.
by Dylan Lobo on Jul 28, 2014 at 15:00