FBNQuest Advises Investors to Diversify Portfolios

FBNQuest Asset Management has encouraged investors to consider contrarian investing by taking advantage of the FBN Nigeria Eurobond (United States Dollars) Fund to diversify their portfolios. Contrarian investing is an investment strategy that involves purchasing and selling in contrast to prevailing sentiments of the time. This means an investor is buying assets when other market participants are selling.

A contrarian simply seeks opportunities to buy or sell specific investments when the majority of investors appear to be doing the opposite. The impact of the COVID-19 and falling crude oil prices have made major markets trading at steep discounts while central banks/governments are responding through rate cuts and cash injections into their economies.

This situation presents an opportunity for investors to invest and diversify their portfolios. And the Managing Director of FBNQuest Asset Management, Ike Onyia, said the FBN Nigeria

Eurobond served as a veritable source of diversification of portfolios for investors, as it provides a viable option for contrarian investing and wealth creation.

“At this time, the FBN Nigeria Eurobond Fund provides an opportunity for Nigerian investors to diversify their asset classes on their wealth-creation journey. This is especially as it remains accessible to all categories of investors, offering the lowest minimum investment requirement currently at $2,500,” Onyia said.