MPC Capital - Shipping uncertain, real estate resilient

MPC Capital (MPC) experienced the impact of the COVID-19 crisis, particularly in its container shipping business amid the halt in global trade. As a result of negative valuation and currency effects of €0.3bn, its assets under management (AUM) fell to €4.3bn at end June 2020 from €4.5bn at end 2019. The company also recognised an impairment on its co-investment portfolio in the container shipping business. Meanwhile, real estate (AUM of €1.9bn, in line with the shipping business) has been resilient so far, with investor demand fuelled by global monetary easing.