Expert harps on investment diversification to reduce volatility risk
Capital market investors have been urged to seek professional knowledge and diversify their investments in other to minimize investment risks and derive competitive returns.
The acting Managing Director of Cordros Asset Management Limited (CAML), a subsidiary of Cordros Capital Limited, Mrs. Olafisayo Ogunbiyi-Badaru, who spoke in Lagos on current state of the financial markets, noted that despite the current volatility in the market, there are still investment opportunities that investors can leverage on, using professional services that will ensure steady and risk free income.
For instance, she cited the firm’s ongoing offering of 10 million units of Cordros Money Market Fund (CMMF) at N100 per unit, with minimum subscription of N10,000, noting that the offering was in line with CAML’s strategy to create array of products suitable for the underserved retail segment of the economy.
“This is in line with the company’s strategy to create array of products suitable for the underserved retail segment of the economy. The fund is targeted at the retail investors and that the main objective is to provide capital preservation, regular income, liquidity and capital appreciation,” she said.
The Ogunbiyi-Badaru explained that the fund’s investment objective is to provide capital preservation and regular income to unit holders by investing in high-quality money market instruments recognised by the Securities and Exchange Commission (SEC).
She added that the fund is attractive to investors who desire a steady stream of income and have low risk appetite.
“High net worth individuals with available short-term ash balances can also take advantage of the fund to earn higher rates of returns. Institutional clients who desire liquidity and easy accessibility to their funds with competitive returns can also take advantage,” she said.
The Group Managing Director of the firm, Wale Agbeyangi said the CMMF offers investors the service of professional fund managers with expertise to avoid the common mistakes of the amateur investor.
“The fund parades seasoned professional advisers led by Vetiva Capital Management Limited as the Issuing House, STL Trustees Ltd as the Trustee, African Prudential Registrars Ltd as Registrars to the Fund, Babalakin & Co as Solicitor to the Trustees, UBA Plc Global Investor Services as the Custodian , Access Bank Plc as the Receiving Bank and TAC Professional Services as the Reporting Accountant.”