The Managing Director of the Asset Management business of FBNQuest, a part of the FBN Holdings group, Michael Oyebola, has underscored the importance of investment diversification as a critical tool of personal and institutional financial planning in light of the prevailing economic realities in the country.
According to “A simple look at the current investment climate in Nigeria following recent events that have occurred both locally and globally – from the drop in oil prices to the fluctuations in the exchange rate of the Naira – have reinforced the need for investment diversification for institutional and individual investors”
Highlighting the various classes of investment options, he stated that while the usual rules of committing funds based on predetermined objectives and how much risk the investor is prepared to take in relation to the returns on his/her investments still apply, greater dynamism will be required to manage exposure
Oyebola further added that “as the New Year evolves, there has to be the growing recognition among large and small investors, as well as savers nationwide that there are credible and worthwhile alternatives to saving their locally and internationally denominated funds which can bring them good returns”
He also said that efforts made by have resulted in phenomenal growth in the size of our total mutual fund assets under management, from NGN5.1bn at the end of 2010 to NGN31.6bn at the end of 2014 to NGN81.9bn at the end of 2015”.
Over the years, FBN Capital Asset Management, which is the Asset Management business of FBNQuest, has provided strategic advice and managed the funds of a broad spectrum of clients, including governments, corporations, institutional investors, HNIs and individual investors.