Yesterday afternoon, my boss directed me to attend to some marketers from one of the popular mutual funds in Nigeria. Just like most mutual funds, the chief investment officer of the fund is a qualified stockbroker. I have spoken with many marketers from different mutual funds and turned all of them down; I told all of them to come up with more creative investment vehicles as mutual funds with Nigerian equities and money market investments provided zero diversification benefits for the funds that I manage. I turn down mutual fund marketers on a regular basis but this experience stuck with me for some reason.
My Experience with a Nigerian Stockbroker
My Experience with a Nigerian Stockbroker
My Experience with a Nigerian Stockbroker
Yesterday afternoon, my boss directed me to attend to some marketers from one of the popular mutual funds in Nigeria. Just like most mutual funds, the chief investment officer of the fund is a qualified stockbroker. I have spoken with many marketers from different mutual funds and turned all of them down; I told all of them to come up with more creative investment vehicles as mutual funds with Nigerian equities and money market investments provided zero diversification benefits for the funds that I manage. I turn down mutual fund marketers on a regular basis but this experience stuck with me for some reason.