AllAfrica.com – While the bank chiefs and the Central Bank of Nigeria have consistently advised Nigerians to keep faith with the ailing Nigerian Stock Exchange market, an investment adviser is suggesting that Nigerian investors should begin to seek alternative ways of investing their monies for better returns as the bearish trend in the market continues unabated.
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Mr. Olumide Oyetan, a director with the Stanbic IBTC Asset Management gave the suggestion when he delivered a paper titled: "Global financial crisis and its impact on the Nigerian financial market" at the Stanbic IBTC Asset Management limited end of year investors’ forum held in Lagos. According to him, "the benefit of alternative investments is to enhance total return and diversification of investments."
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The alternative areas of investments he said are; Private Equity/Venture Capital, Credit/Structured Notes, Emotional Assets (Coins, Jewellery, Fine Art & Wine, etc) and Timber/Farmlands and Oil & Gas. Other options with high returns are "derivatives or physicals such as managed futures, commodities, currencies, hedge fund strategies, trading in volatility, carbon emissions, and weather derivatives among others."
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Tags: allafrica, alternative investments, bank chiefs, bank of nigeria, carbon emissions, central bank of nigeria, futures commodities, global financial crisis, google, hedge fund strategies, investment-adviser, investors forum, nigerian stock exchange, nigerian stock exchange market, olumide, private equity venture capital, stanbic, stock exchange market, structured notes, weather-derivatives
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