CEO, NSE, Mr. Oscar Onyema
Renaissance Capital (RenCap) and the Nigerian Stock Exchange (NSE) on Wednesday organised a one-day Investor Clinic with the aim of enlightening Nigerian institutional investors on key elements of portfolio management.
A statement from RenCap Thursday said pension fund administrators, asset managers and insurance firms took part in the exercise which took place in Lagos.
“The Renaissance Capital/NSE Investor Clinic is an on-hand master class delivered by award-winning Renaissance economists, NSE officials and government regulators. It aims to improve the knowledge base across a broad range of capital market stakeholder groups, ultimately contributing towards building robust capital markets.
“Participants gained insight into the longer-term Nigerian macroeconomic and regulatory environment, portfolio planning and rebalancing strategies, as well as recommendations on asset allocation,” it said.
NSE’s Chief Executive Officer, Mr. Oscar Onyema, described the partnership with RenCap as part of the exchange’s investor education programme, which according to him, is designed to provide a platform for local retail investors and institutional investors to learn from experts the right strategies that will enable them to ultimately make sound investment decisions.
He added: “We hope the institutional Investor Clinic, in conjunction with other initiatives the exchange has embarked on, will continue to positively impact the market’s performance.”
On her part, Chief Executive Officer, RenCap, West Africa, Yvonne Ike said: “We are proud to partner with the NSE on this significant initiative.
“Through the extensive pool of available resources and joint experience, the Investor Clinic is designed to update and challenge capital market participants and regulators on relevant market issues, providing a forum for introduction of future capital market initiatives and boosting investor confidence.”