Sigma Pensions has urged investors not to panic when dealing with market volatility as businesses in the country grapple with the economic uncertainty occasioned by the COVID-19 pandemic.
The Chief Investment Officer, Sigma Pensions, Mr. Pabina Yinkere, gave the advice while speaking at a webinar titled, ‘Big Future, Little Steps – The Power of Diversification’, organized by the firm Thursday.
According to Sigma Pensions, the webinar was organised with the aim of educating attendees with skills/actionable advice from professionals on personal finance diversification, choosing investment instruments and pension fund diversification.
In his presentation titled, ‘Hedging pension funds against market volatility’, Yinkere, noted that 2020 was a peculiar year, especially for investors, as the financial markets were impacted by the COVID-19 crisis.
The VP, Global Markets at Parthian Partners, Mrs. Ola Oladele, stressed the importance of investing, noting that while all investments provide rewards in one form or the other, “For each type of investment, there are always risks.”
The CEO and Co-founder of Cowrywise, Mr. Razaq Ahmed, stressed the importance of financial education for investors.
“The fact that you are taking risks is not enough; it will depend on the nature of the asset class. You still need to have a basic knowledge of the asset class.”
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