Monthly Archives: March 2016

Advice on How to Become an Investment Research Analyst by Jason Voss, CFA.

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I am frequently asked, “ What can I do to
improve my chances of getting hired as a
research analyst? ” Beyond the obvious —
become a CFA charterholder — there are a
number of other steps that aspiring
analysts may take in my opinion.

Continue reading Advice on How to
Become an Investment Research
Analyst by Jason Voss, CFA.

The Importance of Multi-Asset Investing by Nathan Jaye, CFA.

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Everyone knows that
multi-asset investing
is on the upswing.
“Assets managed in
such strategies are
growing at one of the
fastest paces in the industry worldwide,”
says Pranay Gupta, CFA, formerly chief
investment officer for Asia at ING
Investment Management and manager of a
global multi-strategy fund for Dutch
pension plan APG. In their new book
Multi-Asset Investing: A Practitioner’s
Framework, Gupta and co-authors Sven
Skallsjö and Bing Li, CFA, set out to
answer questions about which practices
and ideas actually work. In this interview,
Gupta explains how the relentless quest
for alpha has made allocation an under-
appreciated and “under-innovated” skill,
shares insights into replacing asset
allocation with what he calls “exposure
allocation,” and discusses why the
standard model for making investment
decisions has “exactly the wrong
emphasis from a portfolio risk and return
standpoint.”

Continue reading The Importance of Multi-Asset Investing by Nathan Jaye, CFA.

Capital Market: Shareholders, Reps bemoan loss in investments

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ABUJA — THE House of Representatives
Committee on Capital Market and Institutions
and other stakeholders, weekend, bemoaned the
huge loss in billions of investments in the
nation’s capital market.

They blamed the Central Bank of Nigeria, CBN,
the regulatory authorities for the persistent
downward slide of share prices in the Nigerian
Stock Exchange, NSE.

Continue reading Capital Market: Shareholders, Reps bemoan
loss in investments

Fidelity Bank to support export-oriented MSMEs with N30bn bonds

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Fidelity Bank Plc has disclosed that 80 per cent
of the net proceeds of the N30 billion bonds it
recently raised from the Nigerian Stock
Exchange (NSE) will be deployed to assist
export-oriented Micro-Small and Medium
Enterprises (MSMEs) in the country in order to
raise their level of competitiveness in the global
market.

Continue reading Fidelity Bank to support export-oriented MSMEs
with N30bn bonds

1000 Young Nigerians to receive grants from N500 Million Fund for Start Ups from YESGrant Scheme launch

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Over 1000 Nigerians will this year be beneficiaries
of N500 Million Naira Grant seed capital set aside
for young Nigerian entrepreneurs and students.
This was disclosed during the launch of the
YESGrant Scheme by the Nigerian Young
Professionals Forum in partnership with Heritage
Bank, which took place at the Four Point Hotel in
Lagos, Nigeria.

Continue reading 1000 Young Nigerians to receive grants from N500 Million Fund for Start Ups from YESGrant Scheme launch

Comment: Insights on How Decision Context Influences Investor Use of Financial Statements

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The European Financial Reporting Advisory Group
(EFRAG), in collaboration with the Institute of
Chartered Accountants of Scotland (ICAS), has
recently issued a report containing some thought-
provoking insights on how the context of an
investor’s decision – i.e. valuation versus
management stewardship assessment – influences
the priority assigned to and use of financial
statements. The conclusions of the study are based
on inferences made from a sample of 81
institutional investors and analysts reviewing a
hypothetical European manufacturing firm’s
financial statements. The results show that the
context of an investor’s decision influences the
relative importance which investors attach to the
primary financial statements (income statement and
balance sheet) and to the line items within these
statements.

Continue reading Comment: Insights on How
Decision Context Influences
Investor Use of Financial Statements

Nigeria: Mixed Reactions Trail Govt’s Proposed Increased Spending in 2016 Budget- THISDAY

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Following the successful
passage of the 2016 budget by the National
Assembly on Wednesday, mixed reactions of
optimism and pessimism from stakeholders are
already trailing the passage with some analysts
positing that financing the federal government’s
proposed increased spending and dealing with its
deficit would be the major challenges with the
budget’s implementation.

Continue reading Nigeria: Mixed Reactions Trail Govt’s
Proposed Increased Spending in 2016
Budget- THISDAY

Africa CEO Forum Names Dangote Group Company of the Year

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Dangote Group has emerged “African Company of
the Year” at the just-concluded Africa CEO Forum
held in Abidjan, Cote d’Ivoire.
To clinch the General Electric (GE)- sponsored
award, Dangote Group emerged top among eight
other international companies nominated through
a special process that took several factors into
consideration.

Continue reading Africa CEO Forum Names Dangote Group
Company of the Year

NSE, ASEA Host 5th BAFMarkets Seminar

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The Nigerian Stock Exchange (NSE) and
African Securities Exchanges Association
(ASEA) would co-host the 5th Building African
Financial Markets (BAFM) seminar.
The seminar holding for the firs time outside
South Africa, is tagged – ‘Addressing
Liquidity Concerns in African Capital Market’
and would be held between April 28 and 29
while the ASEA Executive Board meeting holds
on the 30th of next month.

Continue reading NSE, ASEA Host 5th
BAFMarkets Seminar

United Capital Plc Reports N3.26bn PBT Up 41% From 2014

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United Capital Plc, one of Nigeria’s leading
investment banking and financial services Groups,
has announced 2015 full year earnings of N6.15
billion, up from N4.68 billion in 2014,
representing a 32% increase from the previous
year.
Profit before tax (PBT) grew to N3.26 billion in
2015 from N2.31 billion in FYE 2014, representing
a 41% increase. Profit after tax (PAT) also grew by
39% in 2015, closing at N2.57 billion, up from
N1.85 billion in 2014.

Continue reading United Capital Plc Reports
N3.26bn PBT Up 41% From
2014