The report is a complete guide to Naira and US dollar
investment in 2023, drawing on the depth of experience in Coronation Research
with a thorough analysis of 2022 and a guide to the investment opportunities in
2023.
It begins by showing how both US dollar savers and Naira
savers have opportunities in 2023 that were not available in previous years.
“US dollar bond rates are highly attractive and Naira interest rate offerings
are better than at any time since 2019.
Opportunities for savers abound,” says Guy Czartoryski, Head of Research
at Coronation Asset Management.
The report also provides an investor guide to upcoming
General Elections in February, drawing on in-depth analysis of General
Elections in 2015 and 2019 and how they influenced Nigerian T-bill yields, FGN
bond yields and equities. According to
the report, an inflection in markets is almost guaranteed.
The case for Nigerian equities is analysed with the report
making the case that, after three successive years of positive returns, investors
need to make NGX Exchange-listed equities part of their long-term investment
portfolios.
The report further details how rises in market interest and
the need for currency diversification are driving expansion in Money Market
Mutual Funds and US Dollar Funds. The report forecasts further expansion of
Mutual Funds in 2023.
“’Better times in 2023’ foresees the end of the current
global crisis and the return of global investors to risk-based investing, with
positive consequences for Nigerian securities and for Nigerian savers,” says
Aigbovbioise Aig-Imoukhuede, Managing Director of Coronation Asset Management
To read the full report, or visit the company’s website.