Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings Plc, has urged individuals to invest wisely, especially as the COVID–19 pandemic has adversely affected the global economy and traditionally viable instruments.
It also advised them on the need to always conduct due diligence before making any investment and verify credibility, transparency and safety.
A statement on Monday said the organisation gave this advice during a webinar with the theme ‘Investing in uncertain times’ via Instagram, as part of the Stanbic IBTC #BlueTalks series, to continually enlighten the investing public about the available safe and transparent investment options.
It said the session featured the Head Investment Management, Fadekemi Obasanya, and Fund Analyst, Ekene Nwaokoro, both of Stanbic IBTC Asset Management.
The discussion centred around educating the public on the fundamentals of investing and viable investment options, especially in uncertain economic terrain, according to the statement.
Obasanya emphasised the importance of gaining requisite knowledge from investment professionals about the best investment options per time.
She highlighted various investment options offered by Stanbic IBTC Asset Management which both current and prospective investors could avail themselves of.
He said the organisation had provided avenues to enable customers to make well-informed financial decisions.
The statement said, “One of the investment options highlighted at the session was mutual funds, such as the Stanbic IBTC Money Market Fund, Stanbic IBTC Dollar Fund, Stanbic IBTC Enhanced Fixed Income Fund, Stanbic IBTC Bond Fund, Stanbic IBTC Nigerian Equity Fund and Stanbic IBTC Shari’ah Fixed Income Fund, among others.”
The advantage of investing in the Stanbic IBTC Dollar Fund, a dollar-denominated mutual fund, was also discussed as a response to how to hedge against inflation and naira devaluation, it said.
Obasanya said, “A lot of people fell prey to fake investment platforms in the previous year. It is wise to stay disciplined and informed about credible investment outlets to avoid losing money, as the main objective of the investment is to generate regular income and capital appreciation.”
“People need to be mindful of the type of investment they put their money in. This is why we designed a tool called ‘InvestBeta’ for intending investors to identify their risk appetite, which simply means the amount of risk they are willing and able to take, as well as the available investment options that can help them achieve their investment objective.”
