By Modupe Gbadeyanka
The Nigerian Stock Exchange (NSE) will on Friday, February 7, 2020, hold an investment summit at the Stock Exchange House, Lagos from 10am to 1pm.
The workshop is a collaboration with Meristem Wealth Management Limited and centred around Smart Ways to Invest, with a focus on Exchange Traded Funds (ETFs).
According to information gathered by Business Post, the programme is designed to help investing public appreciate how ETFs can be used as a proxy for investing in the Nigerian capital market.
“It will also afford new and prospective investors the opportunity to understand the various smart investing options available to them,” the organisers also stated.
The summit is part of efforts by the stock exchange to educate investors in the nation’s capital market on the different ways they can make money and earn various income from several sources.
Most of the investment tools traders are conversant with in Nigeria are the stocks, bonds, treasury bills, commercial papers and foreign exchange (forex), while ETFs and derivates are still vague to many.
It was learned that at the forthcoming event, participants will be exposed to how to invest smartly in the capital market by seasoned investors and experts in the industry.
According to the NSE, ETFs are securities that track the performance of an index or basket of assets. They are listed on an exchange and traded much like stocks.
ETFs derive their performance from the index or underlying assets they track. They provide investors with the opportunity to diversify their investments and gain exposure to various investment strategies and asset classes, including; Local Fixed Income, Local Equities, International Markets, Commodities, Currency and Multi-Asset.
With ETFs, investment professionals can track global, country-specific and asset-specific indices.
ETFs are mainly for iInvestors looking for benchmark return at a minimal cost; investment professionals seeking efficient access to other markets and asset classes; passive investors who may not have time to actively monitor the market; and investors looking for diversification through a single security.
Adedapo Adesanya