In today’s dynamic environment, portfolio management has become both a science and an art. Every asset class moves in cycles — equities rise and fall, real estate markets expand and contract, and currencies shift in unpredictable ways.
The real challenge is therefore to maintain a consistent, balanced portfolio that delivers sustainable returns while avoiding excessive risk.
At REFIN, we accept that a net yield of 3% after inflation already represents a strong performance in a global low-return environment. Our philosophy follows the timeless principle: risk reduction inevitably limits yield — but long-term stability creates true value.
Our Strategic Approach
Our portfolio is intentionally real-estate heavy, based on the conviction that property, when internationally diversified and carefully managed, remains one of the most resilient asset classes. Demand shifts between regions, but value persists in quality.
- Vienna, despite current economic headwinds in Austria and across parts of Europe, will always remain Vienna — a cultural and architectural capital with limited prime supply. Properly managed assets in the city represent one of the most stable long-term stores of value.
- In contrast, markets such as Koh Samui, Thailand, operate with low leverage and high equity ratios. Every villa is built with cash, not speculation. This structure creates a fundamentally healthier real-estate environment and allows for attractive rental yields on well-positioned properties.
Each investment must therefore meet our return criteria while fitting into a coherent, diversified structure. Over time, the portfolio will expand beyond property into select commercial operations — cafés, studios, and service businesses — that generate consistent 5–10% yields within the group.
The Long-Term Vision
Our medium-term objective is to consolidate these holdings under the REFIN Group and establish a transparent, investable structure that could, in time, qualify for public listing — whether through a Canadian exchange or a free-market platform.
By listing, we would offer investors participation in a professionally managed, real-asset-backed portfolio.
The logic is simple: when you buy a single private business, you pay roughly 3× earnings. When that same structure is listed and transparent, it can trade at 10× earnings or more.
This is the multiplier effect that motivates our long-term architecture — not speculation, but strategic consolidation and professional management.
In short:
Our goal is not to chase volatility but to build value through structure, discipline, and time.
We are part of the game — but we play it with patience, clarity, and conviction.