Ike Chioke, Group Managing Director, Afrinvest West Africa, while speaking during the investor parley held in Lagos, titled: ‘Soft or Hard Landing’, the firm said the event was to engage with clients on the 2023 outlook from the investment perspective.
He said that issues around inflationary trend, Covid-19, commodity prices, Russia and Ukraine war, among others are key considerations in investing in the new year and investors have to be guided to explore opportunities presented by these key events around the world.
He said the happenings around the world have made investment experts come together to look at our own crystal ball of what we see from an investment perspective next year.
Chioke added that Afrinvest consulting manages the investment research unit, and its fixed income, equities and digital space experiences put it in a good position to advise on the investments in 2023.
“The interaction is giving us the rationale to talk to our clients to tell them to be well positioned for the market come 2023.
“Investors need to be ready and decide when to enter the market and when to exit. It is one thing to enter into the market, and another thing to have good returns and make some profits for the year.”
According to Chioke, 2022 is pretty much gone; we are looking at 2023 and what it portends for investors. I think that from our perspective from the forex point of view, we still have a complex exchange rate policy, with multiple windows through which investors can access dollars,” he said.
On the sideline of the event, Chief Investment Officer, Afrinvest Asset Management Limited, Robert Omotunde, said that in terms of diversifying portfolio from a currency perspective, it is one of the critical strategies that investors need, especially in an environment where inflation is hyper.
Omotunde added that it makes sense to take advantage of dollar investment opportunities for investors with dollar inflows. There are a number of portfolios or opportunities that you can take in different asset classes.
“There is no over-emphasizing the point that investors that are going to beat inflation and get superlative return, more so as 2023 beckons, such investors need to consider diversification by currency and American dollars is a major currency diversification that we preach.”
Abiodun Keripe, Managing Director, Afrinvest Consulting, said the end goal of the event was to inform market participants both at the buy and sale sides, with some of the trends in 2022 and provide insight and perception about 2023 in terms of how to allocate portfolio, strategise and plan for the investment climate in 2023.
