OSBC Osun State Broadcasting Corporation
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.
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 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.
