Standard Chartered Bank Ghana as part of its outlook for 2019 has urged investors to focus largely on bonds to reap the best returns.
Engaging the media on the Bank’s 2019 Global Outlook and its Wealth Offerings in Accra, Head of Wealth Management at the Standard Chartered Bank, Setor Quashigah called for prudent investment which is heavy on bonds to guarantee strong returns.
“This year, our investment theme is ‘A Year to Prepare and React’. Prepare and react because we’ve seen a few trends here and there and we are advocating that for instance don’t tie yourself up into very tight equities and keep it simple, be nimble enough to be able to move when the tides change. What we’ve also said is that if you look at the current trend, emerging market bonds are the way to go, including Ghana bonds.”
Highlighting the importance of taking up investment products that make cash readily available to investors, Mrs. Quashigah stated that it is prudent to maintain some instruments that can be easily liquidated.
“We’re not asking people to keep money in their savings or current accounts idle. What we are saying is yes, keep some idle but also invest in funds you can quickly get out of and move into some other funds.”
She outlined the numerous wealth products on offer from Standard Chartered Bank Ghana including Advisory Services on the Bank’s Investment Outlook themes, Managed Investments, Mutual Funds, Forex offerings, Bancassurrance among others, all of which are underpinned by the banks digitization strategy.
By: Bobbie Osei/citibusinessnews.com/Ghana