ASX-listed alternative asset manager MA Financial has added a $33 million private marina near Brisbane to a growing boatyard fund that offers its investors a 7 per cent yield or better.

While yachting may at first glance seem the ultimate discretionary activity, berthing boats is not. There is a lack of berths relative to the number of boats needing space along the east coast – an imbalance that underpinned the creation of the MA Marina Fund less than a year ago.