Stanbic IBTC Stockbrokers Limited and its parent company, Standard Bank have unveiled plans and a number of products to help deepen the Nigerian capital market and increase investorsâ€™ knowledge on developments in the market.
According to a statement by Stanbic IBTC Bank Plc, last weekend, the group is unveiling the investment window to help the market regain the confidence of investors and leverage new unfolding investment opportunities in the marketplace.
Chief Executive Officer of Stanbic IBTC Bank Plc, Mr. Chris Newson, who was speaking at the introduction of the Standard Bank Africa Equity Access Products into Nigeria and the benefits of utilising Bloomberg as a real time information provider, last week, stated that the Standard Bank group has a duty to help deepen the Nigerian and African capital markets by consistently making public initiatives and strategies that could help all stakeholders, especially investors, to be better informed about developments in both the local and global economies.
He said, â€œAs part of Africaâ€™s biggest banking group with focus on emerging markets, the emphasis of these sessions is such that they provide useful insights on how to diversify investment portfolios amongst different asset classes, and move away gradually from the narrow focus on plain vanilla equities and fixed income investments.
â€œAccess products are designed to provide the same economic value as an investment in the underlying equities, in an easy-to-trade package. The underlying investment can be an index, stock or a basket which are traded in USD or any other deliverable currency.
â€œAccess products also help to avoid the complexities and associated costs of dealing in many emerging markets directly. The target investors in Access products are institutional clients like the pension funds, asset management companies and the banks.â€
Also speaking, Mr. Engin Benli of Standard Bank London, noted that the Access products offer investors exposure to all tradable African equity markets.
He also added that the platform allows investors to trade exchange traded African indices, invest in equity linked structured products and custom investment ideas.
He said, â€œStandard Bankâ€™s flagship access product is the global SB Africa Index, which provides exposure to the largest and most liquid stocks that benefit from African markets in Europe, the Middle East, Africa and Asia.