Mastercard - Synonymous with Growth

Investors in the Elevation Capital Global Shares Fund own a share of Mastercard  Inc. [MA], a global facilitator of payments. The Fund added Mastercard as well as Visa to the portfolio during the market sell-off in March 2020 as we identified an opportunity to diversify our holdings into one of the fastest-growing industries, digital payments. The use of cash is declining while e-commerce and digital wallets are on the rise aided by the proliferation of smart-devices and improved offerings by companies like Amazon and Shopify. Mastercard is well-positioned to capture the long-term increase in payment flows through its financial ecosystem as a result of changing consumer and business behaviour. To read our summary report please click here.